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NZDCAD

NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline. Now NZDCAD is approaching the lower orange trendline again. Moreover, the zone 0.83 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCAD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double 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
Long
by TheSignalyst
8
NZDUSD - 1D ( Sell Trade Target Range 400 PIP ) 💲Pair Name :NZD/CAD 🗨Time Frame : Daily ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↘️ Short ) Type : Mid Term Swing ——————————— 🔰Bearish Break 0.83700 Area Reasons 🔘- Major Turn level / D 🔘- Visible Range value Area 🔘- Pattern Middle Band Break 🔘- Fixed Range Value 🔘- Quarter low / Month low 🔰Bullish Reversal 0.82000 / Profit Gains Reasons 🔘- Major Turn level / W 🔘- Pattern Lower band 🔘- Fibo Golden 🔘- Visible Range Hvn 🔘- Fixed Range Poc 🔰Bullish Reversal 0.79000 Area Reasons 🔘- Major Turn level / D 🔘- Pattern Full Target 🔘- Visible Range lvn 🔘- Fibo Golden / 2
Short
by GoldenEngine
4
20 Reason for Sell NZDCAD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: sIDE WAYS TO DOWN SINCE 8 YEARS 2:📆Monthly: proper bear trend and market except at reversal points also making hl since four months 3:📅Weekly: 2rd swing hl with tweezers 4:🕛Daily: choch did start another bear move 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: choch done 6: 2 Pattern Candle Chart: long wick upside 7: 3 Volume: execution volumes and after increasing on bearish candles 8: 4 Momentum UNCONVENTIONAL Rsi: triple resistance at 60 also a head $ shoulder on a rsi 9: 5 Volatility measure Bollinger bands: m pattern with proper volume 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: cad is in power ✔️ Entry Time Frame: h4 12: Entry TF Structure: bear 13: entry move: impulsive 14: Support resistance base: 15: FIB: ☑️ final comments: sell 16: 💡decision: sell 17: 🚀Entry: 0.8441 18: ✋Stop losel: 8570 19: 🎯Take profit:0.7650 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 week
Short
by Optimum369
NZDCAD 5/4/2023The NZDCAD price is still in a downtrend channel and currently near the resistance area of this channel. It's likely that the price will pullback to around 0.843, but traders should set a stop loss if the daily closing price breaks out or above the resistance area of the channel. In case of a breakout, the price is likely to be bullish until it reaches the range equivalent to the current downtrend channel. it's important to keep in mind that this analysis is for informational purposes only and not trading advice. There is always a possibility of failure, and this analysis may not be 100% accurate. Traders should manage their risk accordingly and make their own decisions based on their personal risk tolerance and trading goals.
Short
by DNP-FX