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NZDCAD

NZDCAD - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last NZDCAD idea (attached on the chart), we where looking for buy setups around the blue support. NZDCAD rejected the support and traded higher. NOW WHAT? on DAILY: Left Chart NZDCAD is approaching a resistance zone in green so we will be looking for sell setups. Knowing that NZDCAD can still trade higher inside the zone before going down. That's why we don't sell blindly, we always zoom in to lower timeframes and wait for the bears to take over. on H4: Right Chart NZDCAD formed a trendline in red but it is not ready to go yet. Trigger => waiting for a momentum candle close below the last low in gray to sell. Meanwhile, until the sell is activated, NZDCAD can still trade higher. Which scenario do you think is more probable and why? 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
1
NZDCAD - looking for a short .. the week of 31 Oct 2022This pair has been bearish since March, but more recently the bulls have been trying to gain control. The area around 0.7930 has resisted their moves for the past 2 days and IMO evidence of a bearish move in that zone would provide a nice trade opportunity. This may take a while to set up, so I will not be in a hurry, instead will watch price action on lower time frames such as H8, H12 for signs that bears are resuming control. If this works out as per my expectation, we may have a 3-4R trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
1
NZDCAD - 4hrs ( Buy Trade Target Range 150 PIP ) 💲Pair Name : NZD/CAD 🗨Time Frame : 4hrs ➕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 / Long Side ( after retest ) Type : Mid Term Swing ——————————— Bullish Reversal 0.78850 Area Reasons - Major Turn level - Inner Trend Break - AB = CD Pattern Reversal - Visible Range Hvn Break - Fixed Q / lvn Break - Prev Day High - Prev Week low - innner Head & Shoulder Break - Head & Shoulder Bearish Reversal 0.80000 Area Reasons - Month / Major level - Visible Poc Area - Fixed Poc Area - Pattern Full Target - Prev Q / low
Long
by GentleGoldenEngine
5
💢Sell NZDCAD in the right position and earn 163 pips profit🧨🎁🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the one-hour time frame (NZDCAD_ 1H) 🔍🧨 💥Considering that the price has been able to break the Up trend line🖤 and pullback🧡 to it twice, if the price can reach the SUPPLY zone, it can experience a drop🔻🔻 from there to the DEMAND1 zone🧐 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 _____📈TRADER STREET📉_____
Short
by TRADER_STREET
NZDCAD : Lower Support Near 0.7600 Could Push Price Up AgainNZDCAD : Lower Support Near 0.7600 Could Push Price Up Again Since February 21, the price is in a clear downtrend. What's really interesting is that the lower support line is pushing the price up whenever it's there. We may see the price rise again this time as well. A breakout of the minor wedge will push it higher creating a new trend in the price direction Thank you and Good Luck! PS: Be careful as we are looking at the daily chart. By this I mean that the price can do also andy deep pullback before it moves up again.
Long
by KlejdiCuni
10