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NZDCAD trade ideas

NZD/CAD Short Opportunity - Aiming for a PullbackI'm eyeing a potential short trade on the OANDA:NZDCAD pair after a strong bullish run. The price is currently hovering below a significant resistance level marked at 0.83780, with a noteworthy retracement level at 0.83464 (indicated by the gold line) which I am considering for my entry point. The MFI indicator suggests a bearish money flow despite being above 50, hinting at possible downward momentum. Trade Details: Entry Point: Just below the 0.83464 Fibonacci retracement level Stop Loss Zone: Above 0.83780 (top grey box), to mitigate risk in case of an upward breakout Take Profit Area: At 0.82514 (bottom grey box), where the previous low sits, expecting the price to fill the gap The market structure shows a high probability for a pullback, with FVGs (Fair Value Gaps) possibly acting as pullback zones. The strategy here is to capitalize on the anticipated retracement after the price failed to break the previous high, with the MFI's bearish divergence supporting this view.
Short
by Shyx92
2
NZDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
7
AUD/NZD Short, NZD/USD Short and NZD/CAD ShortAUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of inflection. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
NZDCAD Will Go Up! Long! Please, check our technical outlook for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.827. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.834 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Yemi_Fx1 | SELL OPPORTUNITY ON NZDCADLooking at OANDA:NZDCAD from the 4HTF we see how price tested the zone at 0.83780 , Price approach it In a corrective manner showing the low momentum in bulls power. The zone at price 0.83780 holds, resulting to a double Top pattern. And at 0.83573 also we can see how price react to it, moving out of this area with high momentum. Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward. Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal. If you found this helpful please support your fellow trader with a like
Short
by Yemi_Fx1
1
nzdcad buy trade Overall Trend: NZD/CAD has been in an uptrend. Recent price action shows higher lows, indicating bullish momentum. Bullish Divergence: On the MACD indicator, we observe bullish divergence. This signals a potential reversal to the upside. Triple Bottom Formation: A triple bottom pattern has formed. This pattern often precedes a bullish move. Fibonacci Retracement: The entry zone lies between 38.2% and 61.8% Fibonacci retracement levels. This aligns with the triple bottom formation. Oversold Conditions: Despite the downtrend, NZD/CAD is oversold on the 2-hour timeframe. A bounce from this level is likely.
Long
by Mansa_Musa_Capital