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NZDCADANALYSIS

NZDCAD | Perspective for the new week | Follow-upThis is a follow up on my previous publication (see link below for reference purposes) on this pair as the price action continues to flow according to expectations! Unlike my previous publication, Excited to let you know that I have captured a distinct and tradable pattern on this pair. The appearance of a Double Top pattern - a strong Reversal structure appears to fine-tune a Bearish setup as Buyers gradually lose momentum and price continues to show tendencies of risking a further decline in the nearest future. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Supply & Demand | Double Top | Channel Observation: i. Since late January 2021, the price has been caught within a Channel and since the Breakdown of CA$0.91850 followed by a significant rejection of this level... my Bearish bias becomes a little stronger. ii. This been said, I am anticipating a significant Breakdown/Retest of CA$0.91400 in the coming week(s) to join the decline as CA$0.91900/0.91500 remains a level to watch out for in this regard. Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
NZDCAD – Waiting for the completion BIG ascending structureI have been waiting for NZDCAD to make big bearish move to the downside for quite sometime no. But it seems, starting from last November the price lack any real commitment. It just continuing its corrective phase resulting in sideway and choppy movement across all timeframes. However, now I’m starting to see cleary the evolution of the market structure in this pair. This pair is forming a 3 touch ascending structure in an even bigger ascending structure. Ussually, a pattern within a pattern like this is a big positive confluence for our edge,.. So,..i’m still confident that this pair has a very high probability for a longer term bearish move soon.. What I’m waitin for now is for the price to finish its 3rd touch to complete its ascending structure. So, I think this pair will make one last push to the upside to 0.92700-0.92300 area. Once the price has reach the area, I will wait for a clearly visible impulsive rejection from that area. Any break of bearish continuation pattern in lower TF will confirm the bearish move that I certainly will make sure to take advantage of. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
NZDCAD Possible Head and Shoulders Update Hello Fellow Traders, Here is a Full Analysis on NZDCAD. The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below ( Like , Comment , Follow & share ) Let Me know if you have any Questions or Comments Below Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
Short
by Global_Fx
NZD/CAD BULLISH RUN ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE :#4 IMPORTANT INFORMATION:📌 * ORDER FLOW: bullish * DAY OF THE WEEK:Friday * PROJECTED TP : 0.91649 * PROJECTED SL: 0.90536 * LSB: breaker retest whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by genius-chart
3
Still riding the wave #forexThe beauty of swing trading (especially with a rules based strategy) is the potential for great risk reward ratios over long periods. Now obviously risk/reward ratios can be applied to any time frame but swing trading allows you to capture much larger gains over a set time period and are easier to manage. Let me use this trade taken back on October 21 as an example. It was a range trade that risked 130 pips, and when nzd/cad was at its highs, the risk/reward ratio was over 4 and the net gain was nearly 500 pips. If I was trading on a smaller time frame looking for the same risk/reward ratio but lets say the gain would be 30-40 pips, I would had to be right 13-17 times (over the same 3 month period) to get to 500 pips in profit. Because market timing on any time frame is so difficult, it is much easier to be right once and let time and trend work in your favor then to try to be right 17 times.
by IngenuityTrading
4
NZDCAD | Perspective for the new weekObserving the Day chart, despite the obvious that we are in an uptrend wave; we are beginning to see a Reversal structure as Buyers appear to gradually lose momentum and Sellers receiving the baton to push price further down with the hope of respecting the Bullish trendline on the daily chart. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Breakdown | Supply & Demand Observation: i. Successful Breakdown of CA$0.91500 on the 13th of Jan 2021 projects a high expectation of a rejection of this level in the coming week(s). ii. Supply zone @ CA$0.91500/0.92200 shall be a window to look for Selling opportunity in the coming week. Trading plan: SELL confirmation with a minimum potential profit of 220 pips. Risk/Reward : 1:3 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
NZD/CAD PAIR BREAKDOWN! 👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability setups I explain all my steps in-depth 📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :) Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research. Thank you for your time, and let's destroy the markets together!
by UnknownUnicorn7363578