NZDCADWe can attempt to short NZDCAD from specified level as it make LH , also 0.5 FIB level intact , also there is no bullish divergence occur indicate that it moves downward.
SL , TP mention in chart.
NZDCAD trade ideas
NZDCAD Rejects Resistance: Downtrend Set to Continue?Hey Traders,
OANDA:NZDCAD is showing signs of rejecting a key resistance level at 0.84100, with the price currently pulling back within a descending channel. This setup could indicate the continuation of the downtrend.
Current Market Conditions:
Descending Channel: The pair is moving within a well-defined descending channel, suggesting a continuation of the bearish trend.
Resistance Rejection: NZDCAD has tested and rejected the resistance level at 0.84100, which aligns with the upper boundary of the channel.
Bearish Setup: The rejection at this resistance and the downward momentum within the channel point to further downside potential.
Fundamental Analysis/Outlook:
The New Zealand dollar faces headwinds from weaker domestic economic data and global risk aversion, while the Canadian dollar remains supported by stable oil prices. This divergence could continue to pressure NZDCAD lower.
Targets:
TP1: 0.83717
TP2: 0.83318
TP3: 0.82900
Risk Management:
Stop-Loss: Place a stop-loss above the resistance at 0.84100 to protect against a breakout above the channel.
Conclusion:
NZDCAD appears poised for further downside as it continues to respect the descending channel. Watch for a break below the support levels to confirm the continuation of the bearish trend.
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
Trading Insight: "In trading, it's not about predicting the future but about reacting to the present."
Heading into 61.8% Fibonacci resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84183
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.84705
Why we like it:
There is a pullback resistance level.
Take profit: 0.83230
Why we like it:
There is a pullback support level.
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NZDCAD buywe exited manually cause the price reach the entry level.. were going buy now its risky but let see... if you want to sell I suggest you wait...
everything on chart.
maybe i'm wrong but at least were trying
peace
NZDCAD SELL TF H4 TP = 0.8217On the H4 chart the trend started on Sept. 2 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.8217
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
BUY NZDCAD uptrend continuation STOP LOSS : 0.8325BUY NZDCAD uptrend continuation
STOP LOSS : 0.8325
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
NZDCADSouth African time 15:00h I'm expecting to enter immediate sells.
Check more analysis and results in the page.
NZDCAD 2hI'm keeping an eye out for a potential bearish continuation if the price breaks below the support zone on the 2-hour timeframe.
IDEA NZDCAD SHORT POSITION HI TRADERS IDEA NZDCAD
Pair : NZDCAD
Position : SHORT ( SELL )
Entry Price : 0.83300
STOP LOSS @ 0.83525
TP 1 @ 0.83000
TP 2 @ 0.82780
TP 3 @ 0.82250 ( Trailing SL )
Nzdcad shortsVery simple analysis nzdcad has been in a big downtrend since November 2016 I'm looking to take this to 0.82070 or 0.81400 sl 0.83900
Flexablityit tooks three trades to catch the trend... you have to be very flexable with what you doing
NZDCAD SHORTSSPECIAL TRADE!!!
Market structure bearish on HTFs DH
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Daily H&S Pattern (Retest of the Neckline)
Previous Daily Structure point
Around Psych Level 0.83500
H4 Candlestick rejection
Rejection from Previous structure
Levels 7.84
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZD/CAD BEARISH BIASHi Smart Money Traders!
NZA/CAD reached a strong resistance level and failed to break it!
The price formed a head and shoulders pattern!
At the moment the is broken!
Therefore, I predict a bearish move 📉
Bearish on NZDCADThe pair has shown signs of bearish momentum, confirmation are already on the chart and is a good short to take.
NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.834.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.831 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
NZDCAD BEARSContinuation of a downtrend. Pull-back to the zone, FVG filled. BSL taken. 20 EMA cross below 50 EMA ( 1 minute chart ).
NZD_CAD BEARISH BREAKOUT|SHORT|
✅NZD_CAD made a bearish
Breakout of the key horizontal
Level of 0.8350 which is now
A resistance and as we are now
Bearish biased we will be
Expecting a further move down
SHORT🔥
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NZDCAD BIASI REALLY DON'T LIKE RANGING MARKETS BUT THATS WHAT THIS MAKERT IS!!!!!
- I would like to support bearish prices due to the buy side that was swept.
- 4 HR looks bearish. I would sell it in that 4hr BREAKER.
- Waiting for this week to end would be the best option to determine where this Market is going.
- But during Asian Session I will take sell looking at a 15mins MSS to develop.
That's a C set up to me!!!!!!!
NZDCAD has entered into bearish phaseby breaking the support the pair has started a bearish trend. A potential zone has also been drawn at which the price can probably fall, 1:2 target can be achieved
Shifted bearishFrom the bullish market price mitigated the 4h order block at 0.84736 and reduced to provide us with displacement. The shift engineered a flip to supply zone for a bearish distribution. With the two break of structures in hand, this data tells us that we have a strong bearish market. Looking for a hike to sweep the liquidity and mitigate the rejection block for a clean bearish entry at 0.83955, with stop loss at 0.84355 and our target at 0.82155…
NZDCAD Simple Trading SetupsNZDCAD has dipped amongst NZD weakness within a long term uptrend cycle.
This has mostly came (Longer Term) due to Rates and their proposed changes.
Risk appetite currently around US/China rules.
