NZDCAD: Potential downsidesHey traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.824 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Nzd-cad
NZDCAD: Potential downsidesHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.812 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
LONG NZDCAD on Daily ChartThe tradeWELL FX algo printed a countertrend entry-with-trigger on long NZDCAD on 08/01 with entry between 0.80885 and 0.81135. Initial target at 0.82750 with stop at 0.79020 trailing.
The pair completed an orthodox head-and-shoulders pattern.
Market sentiment is neutral, slightly favoring the bulls.
NZDCAD Testing the 1D MA50 and following exactly our planThe NZDCAD pair couldn't have traded better lately as it has been following exactly the trading plan we posted on June 17:
As you see after a rebound to the 1D MA50 (blue trend-line) and rejection, the pair made a Lower Low exactly at the bottom of both the Bearish Megaphone and Channel Down patterns, which is where we advised for a buy. Since then has been slowly rising for the past 2 weeks and is now again testing the 1D MA50. A break above, justifies our expectation that all this price action since March has a mirror pattern of March - July 2021. The target is at least the 1D MA200 (orange trend-line).
On the other hand, if the price gets rejected on the 1D MA50, be ready to take an opposite position and sell targeting the 2.0 Fibonacci extension, which is what took place on the December 30 2021 rejection.
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NZD/CAD over 520 pips moveI will be doing a multi time frame analysis of this pair. Starting from the monthly all the way down to the daily.
Monthly:
Price is currently in a downtrend making lower lows and lower highs. We could expect the formation of a lower low. Also there is a zone of demand that has not been clearly tested yet. We could expect the price to test the demand zone below the current previous low for a liquidity run.
Weekly
Price is clearly In a downtrend. We could expect the creation of a new impulse. The reason we could expect the creation of a new impulse is because below the low there is a demand zone that has no been tested yet. There is liquidity sitting below the low which we could expect the market to reach that zone.
Daily
Price is creating higher highs and higher lows. The price is in an uptrend. To look for a short opportunity we have to wait for the price start creating lower lows and lower highs.
approach:
Wait for the daily switch of environment. If you want to have a better entry with a better risk reward look for opportunities in lower time frames
NZDCAD Short: BoC is forced to go towards a rate hike!Hey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80500 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD, next bullish impulse 600+ !Hi Traders,
Price action is shaping up to give a nice bullish impulse run. Looking at the HTF, price is at the bottom boundary of a bullish continuation structure which has already made multiple swing highs/lows with an inverted head & shoulders pattern forming. Look for entries on the LTF this upcoming week.
Trade Safe!
NZDCAD: Potential retrace from a weekly zone, heading to 0.783?Hey traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.783 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD: Bearish stock market and potential downsidesHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80700 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD Short: BoC rate statement on Wednesday!Hey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.799 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD BUY ANALYSIS Looing at NZDCAD on 30M timeframe
We looking for a possible BUY/LONG position
We looking for possible formation of the reaction at this phase
NZDCAD BUY ANALYSIS Looing at NZDCAD on 30M timeframe
We looking for a possible BUY/LONG position
We looking for possible formation of the reaction at this phase
NZDCAD Short: BoC is forced to go towards a rate hike!Hey traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.80700 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD UpdatesHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.80100 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD Potential downsidesHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD ShortHey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around around 0.82 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD Potential downsidesHey traders, in this week we are monitoring NZDCAD for a selling opportunity around 0.83 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD SHORTS We can see a Double top, if price breaks the threshold, we can go short and keep an open mind looking out for zones and how price reacts to them.
NZDCAD SELLSSMC in action, 1:40RR.
Besides paying close attenion to risk management, nothing else to add.
NZDCAD Buy upon a pull-back, target the 1D MA200The NZDCAD pair has been trading on a Channel Down within a Bearish Megaphone pattern. Right now the price is testing the 1D MA50 (blue trend-line) as a Resistance and is struggling, trading below it since April 13.
Both the 1D RSI and the candle action resembles the sequence at the start of the Megaphone, which after one last pull-back upon rejection on the 1D MA50, it rebounded to the Lower Highs. As a result, we will be waiting for one last opportunity to buy near the bottom of the Channel and target its top or the 1D MA200 (orange trend-line) should it come first.
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NZDCAD ShortHey traders, in today's trading session we monitoring NZDCAD for a selling opportunity around 0.81 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDCAD Swing ShortBased on COT, Outlooks + fundamentals and TA i came up with an NZDCAD short trade.
I´ll have a dynamic entry approach, my first short entry will be right now.
Banks have secured their Long Hedges since long time, so there is a high probability they want to close these Long positions at least BE, before price will drop. Thats when i will try to add my other short positions.
Be Careful, pay yourself + manage risk
NznCad Long IdeaHello Traders, here is the full analysis for NzdCad , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate long position.
Please note that all the information and publications hera are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. What you will find here, are only views of a Cat passionate about Finance.
