NZDCAD Simple Trade Plans (Technical/Fundamental)The latest mid-term downtrend has reflected an uptrend/upwards trajectory on a faster easing BOC Policy.
Lately, The RBNZ has reacted to data and given a more dovish stance, supplying NZD weakness and a return back down the up-trending channel.
CPI out of Canada today does not change this, NZD data later might.
Sentiment case still largely supports upside.
NZDCAD
NZD-CAD Long From Support! Buy!
Hello,Traders!
NZD-CAD went down
Sharply and the pair is
Locally oversold so as
It is already retesting the
Horizontal support of 0.8204
We will be expecting a local
Bullish correction
Buy!
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7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish with BOS
Swing Move: Corrective move just reached at POI, making a deeper pullback for correction.
Internal Structure: Bearish, aligning with the larger timeframe.
POI: Momentum move in the low Premier zone.
Time Frame Confluence: H4, H1, M15, M5.
2️⃣ Pattern
🟢 CHART PATTERNS: Double top with false breakout.
🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting.
3️⃣ Volume:
Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume.
4️⃣ Momentum RSI:
🟢 In bearish momentum zone with range shift.
5️⃣ Volatility Bollinger Bands:
🟢 Contraction is just beginning, so the price might make a small range before moving further down.
6️⃣ Strength: NZD is weaker against CAD.
7️⃣ Sentiment: SELL.
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: EXT ORDER BLOCK high probability
☑️ FIB Trigger: Activated
💡 Decision: SELL
🚀 Entry: 0.8337
✋ Stop loss: 0.8360
🎯 Take profit: 0.8156
😊 Risk to reward Ratio: 8 RR
🕛 Expected Duration: 20 days
SHORT SUMMARY
The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5.
A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume.
The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment.
The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
Some Of My Entry Reasons , How I Made +2000 Pips Per Week ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDCAD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The instrument tests an important psychological level 0.8260
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8294
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.8348
1st Support: 0.82764
1st resistance: 0.83837
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD Set To Grow! BUY!
My dear subscribers,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8290 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8304
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Falling towards overlap support, could price bounce from here?NZD/CAD is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 0.83166
1st Support: 0.82938
1st Resistance: 0.83551
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8327
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8366
My Stop Loss - 0.8301
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCAD Excellent buy opportunity on this pull-back.The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target:
The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the pair pulled-back to the 1D MA200 (orange trend-line) and then made a short-term bounce to the Internal Lower Highs trend-line.
As a result, we will be using this opportunity to buy and target 0.84500 (just below the symmetrical Lower Highs trend-line).
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NZDCAD: Mind the Traps – Here's Why Traders Lost MoneyIn this eye-opening video, I'll break down how sentiment meters and harmonic patterns can powerfully predict reversals, focusing on NZDCAD. Many traders lost money because they missed these crucial signals, and short sellers got trapped.
I'll walk you through the market action in June, showing exactly where I advised the best short positions and the unfortunate backlash of downvotes I received. Now, looking back, it's clear that my analysis was spot-on every time.
Join me as I dissect the trades and demonstrate how to avoid common pitfalls using advanced trading tools. Don't forget to like, comment, and subscribe for more insights and strategies to keep you on the winning side. Let's learn from these mistakes and improve our trading together! 🚀💹
1.5 RR long opportunityAfter the bullish engulfing pattern, the price experienced a significant drop and formed a daily pivot. Consequently, the price could continue to decline; however, at the 0.8273 level, there are two strong support and demand zones that could lead to a price rejection.
The appeal of this long position lies in its risk-to-reward ratio of 1.5, with a small stop loss of approximately 30 pips.
Keep your trading simple.
NZDCAD Trading Opportunity! BUY!
My dear followers,
This is my opinion on the NZDCAD next move:
The asset is approaching an important pivot point 0.8349
Bias - Bullish
Safe Stop Loss - 0.8309
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8408
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK