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NZDCAD

NZDCAD Trend-Following Setup - Analysis #31/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange. Moreover, the zone 0.86 is a resistance and supply zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. (acting as non-horizontal resistance) As per my trading style: As NZDCAD is sitting around 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
Short
by TheSignalyst
3
NZDCAD - Multi Time Frame ( Buy Trade Tp Range 250 PIP ) 💲Pair Name : NZD/CAD 🗨Time Frame : 4hrs / Daily / Weekly ➕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 ( ↗️ Long ) Type : Mid Term Swing ——————————— 🔰Bullish Break 0.85250 Area Reasons 🔘- Major Turn level / D 🔘- Visible Range Lvn / 4hrs 🔘- x2 Trend Line Break Out 🔘- Fixed Range 4hrs / Break 🔘- Daily Channel Middle Break 🔘- Visible Range Hvn Break / D 🔘- Weekly Visible Hvn Break 🔘- weekly Price Action box 🔰Bearish Reversal 0.88000 Area Reasons 🔘- Major Turn level 🔘- Pattern Target 🔘- Premium Area / D 🔘- Major weekly Trend Line 🔘- 3 Q / 2 Q High 🔘- Q / Y High 🔘- Fibo Golden Area
Long
by GentleGoldenEngine
1
NZDCAD PLAN.Hello traders around the world! My name is Alexandre Karim and today I want to talk about NZDCAD for a possible long position scenario. On the weekly chart we can draw a descending channel since April 2016 (Low at 0.86573) & November 2016 (High at 0.98831) till present taking multiple touches. The descending channel shows us an upside gravity + on the higher time frame we can clearly see that the price made a "V shape" and a bullish correction after it. If we zoom in to the daily chart, we can draw the upper and lower TL of this bullish correction. Moving to the 4H chart, we can check our areas for a long position. The first one would be a reversal on the lower 4H TL and the second one would be a breakout of the upper TL + giving us a continuation after. I will be focusing on the 1H chart to execute the trade. These are two possible scenarios on NZDCAD! What are your thoughts? Remember, patience is key! Wait for the perfect set up before entering any trade. #ThePrimes
Long
by alex_k_95
1
NZDCAD Potential UpsidesHey Traders, NZDCAD is approaching an important Supply and demand zone so i will be watching a buying opportunity around 0.835 zone as it has been rejected multiple times as mentioned in the chart. i would set 0.855 as a potential target which is considered the trend resistance in case of a decent rejection from the demand area. i would also recommend to take a look at the stock market to confirm the trade as we have some sort of positive correlation between American indices and NZD pairs. Trade safe, Joe.
Long
by JoeChampion
6