Get started

NZDCADSETUP

NZDCAD Buy settupHello, as we can see from a daily perspective, the trend was a downtrend until the price reached and rejected the support level. On 4H, we can see the formation of higher highs and higher lows indicating the structural change from a bearish to a bullish structure. On 1H, the price is moving in ascending trendline where it has already made two touches on the trendline and broke above the support level. My bias for NZDCAD is bullish so I will wait for the price to retest the support level which is also a 50% - 60% Fibonacci retracement level and make a third touch of ascending trend line if there will be confirmation I will take a long position.
Long
by UnknownUnicorn4558066
NZDCAD BUYLooking At my analysis on NZDCAD it’s very clear at this point what the Market is saying due to pure price action, so we would be buying immediately we get a retest, we broke a beautiful Trend line so at this point we patiently wait for the proper confirmation before we make our buy moves pips target is actually about 240 pips plus, remember always apply proper risk management. This trade is actually a 100% buy due to the trading confluence. Drop a Comment and also if you want more analysis please like and follow me for more thanks.
Long
by GoCrazyfx0
2
NZDCAD SELLThis is a beautiful analysis that would 100% plays out just the way you are seeing it on you screen, so basically we are looking to sell NZDCAD for about 200 pips plus, all we need to do is to patiently wait for price confirmation remember that trading is not prediction but price reaction. More looking at this analysis you would 100% know what it says educationally a nice Trend line breakout we are waiting for price to retrace back to our sell zone then waiting for candle sticks pattern to form before taking this trade. drop a Comment on what you think about this analysis
Short
by GoCrazyfx0
2
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
Short
by Optimum369
2