NZDCAD:H1According to the drawn dynamic levels and considering the failures and pullbacks, we can look for a sell position
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NZDCAD
Getting a Good Deal..When Trading any Market it is your job to attain value.
Just like any other business that exists in the world you must be Buying for less and selling for more or selling for more and buying for less. It's 6 and 2 3s.
Trading online with a computer is no different. Your job is to structure your capital so that you can consistently attain this value and Trade WITHIN the capabilites of your equity. This means Trading small and gaining market value over time.
In this video we will look more about Where we can buy and sell and basic principles that some fail to grasp so easily..
NZDCAD, how to get long?NZDCAD / 1D
Hello trdaers, welcome back to another market brekdown.
NZDCAD has been trading in a down trend. However, the price has broken strongly above the trend line suggesting higher prices to see.
Checkout out the chart for what I'm waiting for before jumping with FOMO.
Trade safe,
Trader Leo.
[ALERT] Correction Imminent On NZDCAD ??This pair has been on a near 9 week bulllish run and fast approaching a untested Monthly SUPPLY/SELL zone just above 0.85 you should now look for a correction down towards the last swing high in the previous down leg around 0.82 though it may drop down to 0.80 before heading back up and going the higher levels of the Monthly SUPPLY/SELL zone.
So I am now looking for a 4hr or above on my custom indicator to catch this first correction down towards 0.82 or below. I will post updates when the trade is triggered.
Don't forget to boost and follow me for updates
🌟SELL NZDCAD and get +180 pips profit🎁🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨
💥Considering that the price has been able to break its up trend line🖤, if the price can reach the meeting point of the SUPPLY zone and the up trend line🖤 (pullback), it can fall to the DEMAND zone🔻
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
________📈TRADER STREET📉_________
20 REASON FOR SHORT NZDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
1 🧐Eagle eye: in 2016, a fake out occurred effect till Date so by this effect, the price made the last 7 years back to back Low, and this year's Low is extreme
2 👌Monthly: Trend is clear Down after filled last move target. Now price is in a corrective phase and tapped the most important FVG resistance level. In my point of view Corrective move is finished now, and another strong impulse move is beginning
3 👌Weekly: also in a bear trend and a solid corrective move induced previous high stack all liquidity and took all previous stop-loss also halt on monthly FVG resistance
4 👌Daily: daily corrective move successfully achieved the target and took a break on monthly and weekly resistance, so we saw a healthy retracement at this level
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: long wicks at resistance CIP this level double top
7: 3 Volume: below average right now, a vital reversal sign
8: 4 Momentum UNCONVENTIONAL Rsi: extreme high complete overbought levels
9: 5 Volatility measure Bollinger bands: longest walking on the band highly overbought
10: 6 Strength ADX: divergence at ADX
11: 7 Sentiment ROC: NZD is too much weaker than the CAD
✔️ Entry Time Frame: H4
12: 1 Entry TF Structure: higher low Not confirm YEt
13: 2 entry move: impulse
14: 3 Support resistance base: Monthly Resistance daily resistance H4 Resistance Confluence
15: 4 FIB: trigger event Occurred
☑️ final comments: small sell 1st as a test entry Then add at 3rd low increase your position size
16: 1 decision: sell a test and small size
17: 2 Entry: 0.8345
18: 3 Stop lose: 0.8390
19: 4 Take profit: 0.8065
20:5 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 10 Days
InvestMate|NZD/CAD Nearest resistance zone🍁🍁NZD/CAD Nearest resistance zone.
🍁In the current analysis I decided to try to find where the current upward impulse which started with the breakout of the bottom on 10 October, followed by a huge upward wave until now, might end.
🍁 To define a possible good place for a correction, I decided to use the external fibo measure which I led from the current peak to the low we made today.
🍁The nearest possible level is around the price level of 0.8397 where the external fibo measure of 1.272 is located.
🍁It is worth noting that we have again moved out of the uptrend channel, breaking out of it at the upside.
🍁The support zone I decided to determine based on the 0.236 level and you can also see that it was previously very respected.
🍁The scenario I am playing out is to squeeze the price to the resistance level on a wave of optimism. But I am aware of the possibility of a correction at any time, this should be taken into account for this pair, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🍁*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDCAD Will Move Lower! Short!
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
Like and subscribe and comment my ideas if you enjoy them!