NZDCAD Will Keep Falling!NZD-CAD is trading in a
Downtrend and the pair
Broke out of the bearish
Pennant pattern so I am bearish
Biased and I think that we
Will see a further move down
NZDCADSIGNAL
NZDCAD,🔴Sell opportunity🔴
As you can see the price swept the liquidity above the previous daily high and created the FVG.
Now we can expect the price to reach the bearish order book and we can enter the sell position with LTF confirmation.
💡Wait for the update!
🗓️30/01/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
#NZDCAD: 500+ bullish buying opportunity! Swing TradingDear Traders,
We have a great opportunity on NZDCAD , please wait for price to come and bounce at our area of entry. Price already have breakthrough the bearish strong trendline meaning price have changed the character for the first time since months. Now price that has not yet re-confirmed that price can continue the bullish trend and we can have a swing trade taken.
Please wait for price to do its thing, do not rush. Patience pays!
DeGRAM | NZDCAD strcuture based tradeNZDCAD is approaching the major structure support level following the breakout of the consolidation.
Price action is about to test the descending channel border and dynamic support.
The market shows a divergence, which means the market will retrace.
We expect structure-based trade and a retest of the resistance level.
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7 Dimension Trade Idea for NZDCAD😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Breakout of Structure (BoS); Current market is in a sideways mood
🟢 Swing Move: Impulsive to sideways
🟢 Inducement: Done
🟢 Decisional OB: Mitigated, but discount area liquidity is unmitigated yet
🟢 Support: Holds the price for the 4th time, indicating strong demand
🟢 Trendline: Buildup, prebreak, and a potential spike for tapping extreme areas
🟢 Time Frame Confluence: H4, Daily, and Weekly
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal, Rounding Patterns, Cup and Handle at both daily and H4 with strengthening buildup. Consolidation Rectangle makes this area interesting and demanding.
🟢 CANDLE PATTERNS: In this highly consolidated zone, no candlestick pattern is effective. Watch and wait until breakout, then analyze candle behavior at breakout levels.
🟢 Volume: High volume throughout consolidation indicates bull dominance. Watch for volume on breakout or fakeouts for a final decision.
4️⃣ Momentum RSI
🟢 Momentum: Totally sideways
5️⃣ Volatility Bollinger Bands
🟢 Volatility: Highly contracted
6️⃣ Strength According to ROC
🟢 Values: NZD is stronger than CAD
💡 Decision: Wait till breakout or fakeout, but in both scenarios, consider buy positions
🚀 Entry: Breakout at 0.8418 / Fakeout at 8292
✋ Stop Loss: Breakout at 0.8383 / Fakeout at 8275
🎯 Take Profit: 0.8978
2nd Exit if Internal Structure changes; also Exit on 3rd trendline breakout, FOMO
😊 Risk to Reward Ratio: 20
🕛 Expected Duration: 50 days
📚 SUMMARY: The analysis points to a bullish trend with a strong consolidation zone. Breakout or fakeout opportunities are highlighted, emphasizing a buy strategy. The risk-to-reward ratio is favorable, and a patient approach is recommended until decisive market movements occur.
DeGRAM | NZDCAD contraction and expansionNZDCAD is trading in the ascending channel.
Price action pulled back following the retest of the resistance level.
The market bounced off the 50% fibo level and the support level since the major trend is bullish.
We expect a bullish move and a retest of the resistance level.
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DeGRAM | NZDCAD structure based tradeNZDCAD is approaching the psychological level at 0.84000 by completing the bearish harmonic pattern.
The market overall is consolidating, bouncing from resistance and support levels. We have 2 sell-offs from this level.
We expect structure-based trade from the psychological level 0.84000.
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NZDCAD: SHORT PositionHello friends. By the according the Chart of NZDCAD we see the origin trend is downtrend and I expect in this time frame we reach the goal in the show in the chart . be enjoying and profitable
7 Dimension Analysis for NZDCAD 🕛 TOPDOWN Analysis - Navigating a Complex Market Structure
Overview: Monthly observations reveal a cautious market, with a bearish internal structure emerging after a previous corrective move. Weekly charts, however, present a conflicting scenario, showcasing a lower high and hints of bullish momentum. The confusion intensifies as prices linger around a crucial resistance area. A sell-focused strategy is recommended due to the proximity to significant resistance.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: BoS (Breakout of Structure)
🟢 Swing Move: Corrective move completed at a premium area, marked by an IFC candle.
🟢 Inducement: Awaiting confirmation at a potential high.
🟢 Pull Back: Anticipating a retracement to the inducement level.
🟢 Internal Structure: Bears waiting; marked by supply, distribution, and rejection at a crucial level.
🟢 Supply/Distribution/Premium Areas: Intense interaction with a strong rejection at the resistance area. Trendline importance emphasized; waiting for a break and a close below.
Traps: Evident, as prices attempt to surpass the area but struggle to sustain.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal
Potential double top patterns; not classic but significance lies in key candle patterns and price movements.
Shakeout reversal observed.
🟢 CANDLE PATTERNS
Notable Observations:
Bullish candles appearing but failing, marked by a pin bar reversal.
Long wick candles, inverter hammer, and a gravestone doji present.
3️⃣ Volume: Significant volumes observed at the end of the corrective move. Low volumes during the rejection at the supply area; unclear picture.
4️⃣ Momentum RSI:
🟢 RSI in Super Bullish Zone: Signifies heavy momentum.
🟢 RSI Range Shift: Successful shift from sideways to bullish, indicating robust momentum.
🟢 Divergence: No clear divergence yet; momentum favoring bulls.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Support: Price above the middle line.
🟢 No Squeeze or Consolidation: Indicates ongoing momentum.
🟢 Dual Band Derivation 1: Favorable for bulls.
6️⃣ Strength
Rate of Change: NZD stronger than CAD.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Trendline
☑️ Candles Behavior: Favorable
☑️ Triangle Breakout: Awaiting confirmation.
☑️ Final Comments: Buy at the breakout, based on momentum and volatility.
💡 Decision: Initially a buy entry based on the current corrective move; if it fails, consider a reversal entry.
🚀 Entry: 0.8309
✋ Stop Loss: 0.8266
🎯 Take Profit: 0.8427, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:2
🕛 Expected Duration: 3 days
SUMMARY: The analysis navigates a complex market structure with conflicting signals on the monthly and weekly charts. The suggested approach is cautious, leaning toward a sell strategy due to the proximity to significant resistance. The daily analysis provides detailed insights into patterns, candle formations, and volumes. The buy entry is considered with specific conditions and exit strategies. This is a corrective move or contra trend entry
NZDCAD Idea H4Here is my analysis for NZDCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DeGRAM | NZDCAD falling from resistanceNZDCAD is moving in the descending channel, and it has made lower lows.
The market broke and closed below the support level, which became a resistance that was respected before.
We anticipate a bearish move from the resistance level to complete the AB=CD pattern.
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DeGRAM | NZDCAD bearish moveNZDCAD is moving in an ascending channel. However price rebounded from the resistance level.
The market is testing the resistance level that the price has pushed lower, creating a pullback.
We expect a bearish move from the resistance and a 38.2% fibo level.
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NZDCAD going LONGNZDCAD is on an UPTREND in the 4HR timeframe.
It broke above the 0.81900 level, It may retrace to the 70.5% FIB level which is in line with the rising TREND LINE .
If these 3 confluences align, they would provide a sweet
BULLISH ENTRY at 0.81500
STOP LOSS @ 0.80950
TAKE PROFIT @ 0.82800
NZDCAD Long Term SELLING Trading IdeaHello Traders
In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD ____ INCOMING BEARISH MOVE (RISKY)Hello Guys,
I would just point out briefly why I will take this trade if my setup appears despite it being risky and I will also share why I think it is risky.
Why is it RISKY? If you go on the weekly chart, you will notice there was a W pattern and price retraced and printed the continuation of the W pattern which should likely make us reach for higher prices. Which means that price could break above my daily OB.
Why will is still take the trade? This is because we also have a W pattern on the daily that needs retracement and also we just retraced to the supply orderblock which caused a bearish CHOCH on the daily chart.
I will take the short trade if I see a clear bearish CHOCH on the 1hour chart.
Do you think it is a risky trade?
Follow for more updates like this.
Cheers,
Jabari
NZDCAD Technical Analysis And Trade IdeaIn this video, we offer a comprehensive breakdown of the NZD/CAD currency pair, focusing particularly on the prevailing bearish sentiment observed in higher timeframes. Notably, the NZD/CAD has reached a critical support level. Throughout this presentation, we delve into fundamental aspects of technical analysis, encompassing elements such as the existing trend, dynamics of price movement, market structure, and various other crucial components of technical analysis. As we proceed further in this presentation, we closely analyze a potential trading opportunity.
It's crucial to emphasize that the information shared in this content is purely for educational purposes and should not be interpreted as financial advice. Engaging in foreign exchange market trading carries a substantial level of risk. Therefore, it is imperative to prudently integrate risk management strategies into your trading plan.
NZDCAD: 26/10/2023:🟢Buy opportunity According to the market structure, we can expect that the identified bullish order block work as a support and push the price higher.
Please pay attention, we need an LTF confirmation for the execution.
💡Wait for the update!
🗓26/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
NZDCAD Analysis H4Here is my analysis for NZDCAD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDCAD Analysis H1Here is my analysis for NZDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDCAD Long Term SELLING Trading IdeaHello Traders
In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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DeGRAM | NZDCAD divergence at resistanceNZDCAD is moving in the ascending channel; it reached the psychological level at 0.82000.
The market is losing momentum while approaching resistance.
The market is in a bearish trend on the D chart.
We reversed the resistance and fibo extension levels.
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