NZDCAD possible sell zone!!NZDCAD (4H) has failed to create a lower low, instead has created a higher low in a downtrend. As the daily market is over-extended to the downside, the price is likely to go for a retracement to the upside. The most important area of value is 38.2% fib on daily and 20EMA could be an important area of value to sell.
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NZDCAD bearish movementHey! NZDCAD is trending bearish on higher time frames, crossing all the moving averages, and we have a 4-hour bearish engulfing candle to confirm our entry. The trade will likely go further down to re-test the daily bottom. Both currencies are being bought. However, today we will have NZD retail sales news this evening, so depending on the outcome, the trade will reflect itself.
Wed 17th Aug 2022 NZD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. Enjoy the day all. Cheers. Jim
⁉️ NZDCAD - Market AnalysisHello traders!
⁉️This is my analysis on NZDCAD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here as price rejected from bearish orderblock + mid figure 0.82500. My target is that huge imbalance below that has to be filled.
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NZDCAD, Bullish continuation.Hi Traders,
NZDCAD is at a point of interest to see if we will see bullish momentum or a leg down yet. On the HTF price is at the upper boundary of the strong reversal Descending Channel. On the LTF price impulsively moved upwards expecting a contiuation correction to form for a buy opportunity.
Trade Safe
Thanks.
NZD/CAD over 520 pips moveI will be doing a multi time frame analysis of this pair. Starting from the monthly all the way down to the daily.
Monthly:
Price is currently in a downtrend making lower lows and lower highs. We could expect the formation of a lower low. Also there is a zone of demand that has not been clearly tested yet. We could expect the price to test the demand zone below the current previous low for a liquidity run.
Weekly
Price is clearly In a downtrend. We could expect the creation of a new impulse. The reason we could expect the creation of a new impulse is because below the low there is a demand zone that has no been tested yet. There is liquidity sitting below the low which we could expect the market to reach that zone.
Daily
Price is creating higher highs and higher lows. The price is in an uptrend. To look for a short opportunity we have to wait for the price start creating lower lows and lower highs.
approach:
Wait for the daily switch of environment. If you want to have a better entry with a better risk reward look for opportunities in lower time frames
NZD/CAD:DOWNTREND | PRICE ACTION | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZD/CAD:PULLBACK BEFORE NEW LOWER SIDE | SHORT Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZDCAD | IMPORTANT ZONENZDCAD has been in the bearish trend. Looks like the pair has defined its bottom with bullish divergence on the indicators.
The next important zone for the bulls is the rectangular box which is highlighted on charts. This level will define the upcoming trend for the pair
Trade your levels accordingly.