Nzd-cad
NZDCAD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for NZDCAD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible buy entry at 0.85429, where the 50% Fibonacci line is. Stop loss will be at 0.84845, where the recent low is. Take profit will be at 0.86341, where the 50% Fibonacci line is.
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NZDCAD Buy Short Term Hi All,
we have a ice opportunity presenting itself on NZDCAD, looking at the weekly inside the downtrend channel we have an inverse H&S forming, now we looking at buying the right shoulder. This pair is a low mover so be mindful holding for couple of weeks.
SL, TP and entry marked.
Only look for buying opportunities.
Many Thanks
NZDCAD time to retrace 🦐NZDCAD on the 4h chart after the over-extended impulse started a retracement move.
The market, after the 1st bearish leg , retraced at the weekly resistance where the 50% of the move stands.
The move left some liquidity below the support area and we can look for a continuation of the retracement.
How can i approach this scenario?
I will wait for a possible break of the support and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
InvestMate|NZD/CAD Nearest resistance zone🍁🍁NZD/CAD Nearest resistance zone.
🍁In the current analysis I decided to try to find where the current upward impulse which started with the breakout of the bottom on 10 October, followed by a huge upward wave until now, might end.
🍁 To define a possible good place for a correction, I decided to use the external fibo measure which I led from the current peak to the low we made today.
🍁The nearest possible level is around the price level of 0.8397 where the external fibo measure of 1.272 is located.
🍁It is worth noting that we have again moved out of the uptrend channel, breaking out of it at the upside.
🍁The support zone I decided to determine based on the 0.236 level and you can also see that it was previously very respected.
🍁The scenario I am playing out is to squeeze the price to the resistance level on a wave of optimism. But I am aware of the possibility of a correction at any time, this should be taken into account for this pair, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🍁*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDCAD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDCAD is overall bearish from a long-term perspective trading inside the brown falling broadening wedge pattern, and it is currently retesting the upper brown trendline.
Moreover, the zone 0.827 - 0.835 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since NZDCAD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD DAILY cHARTHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last NZDCAD idea (attached on the chart), we where looking for buy setups around the blue support. NZDCAD rejected the support and traded higher. NOW WHAT?
on DAILY: Left Chart
NZDCAD is approaching a resistance zone in green so we will be looking for sell setups.
Knowing that NZDCAD can still trade higher inside the zone before going down.
That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over.
on H4: Right Chart
NZDCAD formed a trendline in red but it is not ready to go yet.
Trigger => waiting for a momentum candle close below the last low in gray to sell.
Meanwhile, until the sell is activated, NZDCAD can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last NZDCAD idea (attached on the chart), we where looking for buy setups around the blue support. NZDCAD rejected the support and traded higher. NOW WHAT?
on DAILY: Left Chart
NZDCAD is approaching a resistance zone in green so we will be looking for sell setups.
Knowing that NZDCAD can still trade higher inside the zone before going down.
That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over.
on H4: Right Chart
NZDCAD formed a trendline in red but it is not ready to go yet.
Trigger => waiting for a momentum candle close below the last low in gray to sell.
Meanwhile, until the sell is activated, NZDCAD can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich