NZDCAD: Short Trade with Entry/SL/TP
NZDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short NZDCAD
Entry Point - 0.8280
Stop Loss - 0.8301
Take Profit - 0.8234
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCAD
NZDCAD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8278
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8237
Safe Stop Loss - 0.8304
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: After change of character here we can see that price started to make higher lows and higher highs, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.82000.
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nzdcad buy positionIn the daily timeframe, we have a strong impulse wave, after which we had a price correction. We are witnessing the failure of the reform process. In the 4-hour time frame, the price can break the specified resistance level, we expect the price to grow to the specified range as the first target.
NZDCAD Is Going Down! Short!
Take a look at our analysis for NZDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.827.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.825 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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NZDCAD Trading Plan - 11/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go Down from these levels.
Potential correction is almost completed.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Exploring the Link Between USD Strength and Bearish NZDCADHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area.
Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on global markets. A stronger USD often leads to bearish sentiment in global stocks due to its negative correlation with risk assets. As investors flock to the safety of the US dollar during times of uncertainty, riskier currencies like the New Zealand dollar (NZD) tend to weaken. Consequently, bearish sentiment in stocks can translate into downward pressure on NZDCAD as traders seek safer havens.
Trade safe,
Joe.
NZDCAD H1 | Potential bullish breakoutNZD/CAD is rising towards a potential breakout level and could potentially break through this level to climb higher.
Buy entry is at 0.82394 which is a potential breakout level.
Stop loss is at 0.82080 which is a level that sits under a pullback support.
Take profit is at 0.82721 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.
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NZDCAD - Short from resistance ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short.
Fundamental news: Tomorrow we will see results of Unemployment Rate on NZD and on Friday on CAD.
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NZDCAD: 700+ Pips Swing Buying Opportunity!Dear Traders,
NZDCAD is 700 pips buying opportunity, price breakthrough and changed the character, since then price consolidated and then manipulated. We still expect price to drop till 0.8100 and reject from that area. Please give some time for setup idea to become active
NZDCAD - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bearish , trading within the falling channel in blue.
At present, NZDCAD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, it is retesting a strong supply zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline.
📚 As per my trading style:
As #NZDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a top bottom 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 Bearish stocks and potential downsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82150 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82150 support and resistance area.
Trade safe, Joe.
NZDCAD Will Go Down! 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 0.817.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.814 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.
Like and subscribe and comment my ideas if you enjoy them!