NZDCAD Bearish Scenario Weekly TFThe overall market structure is a down-trending structure.
After breaking and turning support into resistance, the price is approaching a key resistance zone around 0.86 which align with 61.8 fib level!
Any rejection or reversal pattern on this level on the lower timeframe might push the price southward to a 0.82 price level!
Nzdcadshort
NZD/CAD trendline reversal update with a new short setup- NZD/CAD failed to broke trendline on the D timeframe and we saw weakness in the pullish movement.
- We took this trade with market logic as we saw price is at a swing point (trendline - zone area).
- Price already broke our last trendline on the correction move and we predicted the bearish movement also the breakout before it happens.
- Price now hit our first target and already broke the last major support nearly at 0.85800.
- We can wait for a correction to 0.85800 and then if we have a candlestick psychology confirmation we may put another setup at 0.83000 to catch 280 pips.
NZDCAD, price action explained. Hi Traders,
NZDCAD has been moving within a LTF descending channel which we got a breakout and now forming a correction. This could be an indication price may move higher to the upper boundary of the HTF channel or price could simply fail to push higher and drop down back into this channel.
Watch the price action before finding an entry, make sure follow your trading plan before placing an order.
Good Luck!
Click the like button if you agree with this idea. Comment below and share your view on this pair!
NZD/CAD DAILY SELL SET UPHi TRADERS this is my trade set up for the NZD/CAD
NZD/CAD I am looking for a rejection in order block, I am looking to take a sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
NZDCAD ShortNZD has been hitting some strength for a little while and is overdue to come down some point in the near future on the momentum meter, meanwhile CAD looks to be wanting to gain some strength. We are looking for a strong confirmation on a daily candlestick and then selling a retracement back to that level after we see that candlestick before taking the trade.
R:R = 1:4:8
GL.
Trading Idea Regarding NZDCADAccording to my analysis this currency pair is going down for the upcoming week
1-Strong Down trend
2-Fallowing key levels repeatedly
Do not get confused by watching dojji canndle to understand the formation of the doji candle take a look at 4 hour chart
as you can see price first make new lower low then retest the key level and start coming down...this move appear as dojji candle on daily chart so don't think it as trend reversal candle
NZDCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 0.84200 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
NZDCAD is in Downtrend and It is Expected to Continue Downtrend.