NZDCAD - SHORT setupHowdy everyone. NZDCAD is currently showing signs of bearish momentum, with a clear downward trajectory as it aims to develop a new low on the daily time frame. The 4-hour moving averages are currently positioned above the price action, further reinforcing the bearish sentiment. In addition, a 4-hour bearish engulfing closure has recently occurred, providing confirmation for short position. Furthermore, we are around 100 pips away from the potential daily MA of 100, which could act as a significant re-test reaction zone. Overall, the technical indicators suggest that NZDCAD may continue to face selling pressure, with the potential to push the pair to new lows. ✨
NZDCAD
NZDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I look price to continue the retracement and then to reject from bearish order block to open a short position.
Like, comment and subscribe to be in touch with my content!
NZD/CAD: Volume Profile 📊 and Price Action Analysis 📋On NZD/CAD is nice to see strong sell-off from the price 0.84940, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area are my mainly reason for this short trade....
Happy trading
Dale
NZDCADCurrently, the best strategy is to follow the fluctuations inside the channelized space.
The movements were very harmonic and accurate.
In its first move, it completed ABCD. Then, in response to the bottom of the channel and the formation of a positive divergence, growth can be expected. 2 Expected ranges can be predicted based on the pivot point in the ranges of 0.84935 and 0.85409 until reaching the static range. After that, the reaction should be checked to continue.
In general, the goal of ascending and completing a reciprocal pattern is not far from expected.
NZDCAD- 400 PIPS SETUP NOT TO MISS!!Dear Traders, we have got good opportunity to sell NZDCAD at respected area, however, before we enter we got ensure that price comes to our area of entry, after that with stop loss above the horizontal trendline. Longer term bias is bearish in that sense, CAD is expected to bearish in longer term aim.
Let’s not miss this highly probable setup!
Please show support by following and liking the idea.
NZD/CAD PERFECT BEARISH OUTLOOKOANDA:NZDCAD
HI,TRADER'S AS per Technical Analysis Price breakdown SYMMETRICAL TRIANGLE PATTERN
Price now in bearish zone , Possible Retest To 200EMA region ,
Perfect entry Level for sell once Market retest 200ema and triangle
For long term Market looks Bearish
❤️Please, support my work with follow ,share and like, thank you!❤️
NZDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD: Market of Sellers
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCAD pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
NZDCAD LowerTrying NZDCAD lower here.
We have a triangle forming on the 4 hour chart and a slight break to the downside.
The narrative has shifted as well. the NZD rate advantage it had has been narrowed slowly and with the BoC pausing rates last week i imagine RBNZ will be next. This was one of the big reasons NZD performed so well. Another reason was that china was reopening, i think with the fall in the Hang Seng index today we could see NZD fall along with it. the canadian economy is also doing better than people expected, jobs numbers are performing well and i think with the economy being resilient and the new zealand economy showing worse economic numbers recently we could see the pair fall. The tightening from central banks this week could also lead to tighter global financial conditions which could mean a fall in stocks and so a fall in NZDCAD.
correlations are suggesting lower, rate differentials are moving lower.
sentiment is moving lower from extremes and suggesting that the uptrend is running out of steam, positioning was fairly large up until recently as well which is normally a decent sign of a overcrowded position.
we do have some bullish stock seasonals this week so might have to watch out for that.
Not trading/investment advise, feedback welcome!
NZDCAD: Bullish Outlook Explained 🇳🇿🇨🇦
I spotted a solid rising trend line on NZDCAD on a daily time frame.
The price dropped to that last week.
Testing that, the pair formed an inverted head and shoulders pattern on an 1H time frame.
Its neckline has been recently broken & retested.
I expect a bullish movement to 0.8675 / 0.8696 levels now.
❤️Please, support my work with like, thank you!❤️