NZDCAD: TIME FOR SHORTS?Watch price action at the 4hr ob for a chance to short this psir. As always, good luck
NZDCAD trade ideas
NZDCAD - LONG - BUYLooking to buy after the break above the HMA on the 1HR TF, and will consider partial buying. Will buy again if it dips into the Buy Side LQ Swing/Zone/Order Block. Buying strategy involves waiting for the break above the HMA and retest.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
Short OpportunityPrice seems to not have been able to break structure and remains bearish, price seems to be overbought as per indicators and also reached top of KC. Price is also nicely above MA's for an entry
SELL NZD / CADTesting the broken structure, the price formed a double top pattern
on an hourly time frame, giving us an intraday bearish confirmatioN
NZDCAD: Top-Down Analysis & Bearish Outlook 🇳🇿🇨🇦
NZDCAD nicely respected a recently broken key horizontal daily support.
After its bearish violation, an underlined blue area turned into resistance.
Testing the broken structure, the price formed a double top pattern
on an hourly time frame, giving us an intraday bearish confirmation.
We can expect a retracement at least to 0.8136
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NZDCADpending order: Sell
We´ll look for little retracement and we´ll enter.
Risk:Reward 1:2
Good luck.
If prices continues going down fast we´ll remove the pending order.
thanks.
NZDCAD- Bullish TradeNZDCAD in bearish trend depicted trend reversal through bullish divergence. Now trading in Bullish trend with EP ( Fib Golden Ratio), SL and TP 1 & 2.
NZDCAD ____ INCOMING BULLISH MOVEHello Guys,
This is one setup that has been on my radar and it does set up nicely.
On the monthly chart, we have both the M & W pattern which suggests the bull run. On the weekly chart, we have the M pattern which has taken out weekly sell-side liquidity and would likely trigger the bullish move which will form the retracement for the M pattern.
You can check out my page for more trade ideas.
Cheers,
Jabari
Buy NZDCAD 03/04/2024Good Morning traders
I am long NZDCAD at market prices
SL: 0.8059
TP: 0.8252
I am only sharing my trades, not a recommendation to enter the markets.
NZDCADHello Traders,
A sell opportunity is in front of me and I would love to share the same with everyone.
Please note that SL is tight.
Make That Money Indicator Signals Buy for $NZDCADMTM has printed a 30m buy signal. The price has retraced to sell signal candle open and demand zone formed at this price. We should get a nice bounce off this area to the previous swing high/supply zone (4h).
Nzd cad.... Will only buy if the level get brokenNzdcad will need confirmation like I have shown to be able to buy
Nzdcad, will go long if the entry set up get complete. The market will go long, the set up is not yet complete, if it get complete this will be a good set up for long, but the market is at the point of interest.
NZDCAD Is Going Down! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.807.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.804 level.
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.
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