NZDCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83000 support and resistance area.
NZD
NZDCAD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher.
What's next?
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
At present, NZDCAD is undergoing a correction phase, trading within the short-term rising channel in blue, and it is currently approaching the upper bound of the channel.
Moreover, it is retesting a strong resistance zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green resistance and upper trendlines.
📚 As per my trading style:
As #NZDCAD is hovering around the 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 Going for a 0.786 Rejection. Trade at the right time.The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down.
With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new 0.786 Fib, which now happens to be exactly at the top of the Channel Down.
As a result, as long as the pair doesn't close a 1D candle above the 0.786 Fib, we are bearish, targeting 0.80300 (the -0.136 Fib extension). If the 1D candle gets closed above the 0.786 Fib, we will take the small loss and buy, targeting 0.85000.
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Could EUR/CHF reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97976
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98340
Why we like it:
There is a pullback resistance level.
Take profit: 0.97219
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.81706
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.81212
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.82427
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD forming a top?NZDUSD - 24h expiry
Price action has continued to trend strongly higher and has stalled at the previous resistance near 0.6040.
Short term RSI has turned negative.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6000 will confirm the bearish momentum.
The measured move target is 0.5980.
We look to Sell at 0.6040 (stop at 0.6065)
Our profit targets will be 0.5980 and 0.5970
Resistance: 0.6020 / 0.6040 / 0.6050
Support: 0.6000 / 0.5990 / 0.5980
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NZDUSD Is approaching a significant resistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
Falling towards 50% Fibonacci retracement support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.10558
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 2.09520
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 2.12615
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards 38.2% Fibonacci retracement support?NZD/CHF is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.53942
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.53448
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.54482
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59400 support and resistance area.
Trade safe, Joe.
EUR/NZD potential bearish dropPrice is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.79858
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.80981
Why we like it:
There is a pullback resistance level
Take profit: 1.78414
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Rising into pullback resistance, could it reverse from here?NZD/USD is rising toward a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 0.60067
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 0.60455
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection.
Take profit: 0.59308
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPNZD: Rising Wedge pushing the price higher.GBPNZD is neutral on the 1D time-frame (RSO = 52.651, MACD = 0.004, ADX = 24.344) as the price is consolidating after the rebound on the 1D MA50. The Resing Wedge pattern is constantly pushing the price higher and as long as the 1D MA50 holds, this is the bullish wave to a HH. The two HH prior were formed on the 1.5 Fibonacci extension, all validated by a 1D MACD bullish cross. We are long, aiming yet again at the 1.5 Fib (TP = 2.13800).
See how our prior idea has worked out:
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Falling towards 38.2% Fibonacci retracement support?NZD/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.59220
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.59022
Why we like it:
There is a pullback support level
Take profit: 0.59675
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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NZDUSD is approaching an important resistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60000 support and resistance area.
Trade safe, Joe.
NZDUSD - Short Trade Idea (ICT)Hello hello everyone,
I see a potentially nice trade forming on NZDUSD. A possible 500+ pips to be had as a swing position.
As you can see, my bias is bearish. I believe we will target the Relative Equal Lows below. I would have to see price start to move lower in the general vicinity of the illustrated path lines. If I don't get an entry in that area, then I would be keen to take one at the Bisi 2W R2F gap should we get a 2W close below it and then a retracement back into it.
Let's see how it goes!
- R2F
Potential bullish riseNZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.81199
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.80930
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.81706
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.