How TradingView Helps Me Not Miss TradesHey,
In this video I provide several examples that help me to not miss any trading opportunities and provide me more clarity and confidence in my trading. I share my trading style, the usage of tradingview alerts and multi-timeframe analysis to time it right.
Often traders struggle with missing trades, this is why you might miss them:
- Lack of confidence
- Lack of chart time
- Lack of knowledge
If you solve them one by one, your trading performance can improve fast.
Kind regards,
Max Nieveld
CADNZD trade ideas
Sell NZDCAD
OANDA:NZDCAD Trade Idea: Bearish Bias**
Summary:
This setup suggests a bearish outlook for NZDCAD based on a combination of seasonal trends, exogenous factors, and technical patterns.
Key Points:
- Seasonality: NZD shows bullish seasonality from Nov 25 to Dec 11, but CAD's neutrality and stronger exogenous factors provide a bearish edge for NZDCAD.
- Commitment of Traders (COT): Both NZD and CAD are at their bottoms, with non-commercial positions favoring selling pressure on both currencies.
- Exogenous Factors:
- **Balance of Payments (BOP):** NZD has a negative trend, while CAD is positive.
- **Stock Trends:** NZD displays a negative trend, whereas CAD remains positive.
- **Interest Rates (IR):** Declining interest rates negatively impact both currencies, but NZD fares slightly better than CAD.
**Conditional Scoring:**
- **Positive Factors:** NZD: 9, CAD: 11.
- **Negative Factors:** Both currencies at 4.
**Technical Patterns:**
1. **Bearish Channel** observed on the 4-hour timeframe.
2. **Head & Shoulders Formation** indicating potential downward momentum.
**Trade Bias:**
Sell NZDCAD, as exogenous factors favor CAD despite NZD's seasonal strength.
**Risk Disclaimer:** Ensure proper risk management while entering this trade.
Heading into overlap resistance?NZD/CAD is rising towards the pivot which is an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.82671
1st Support: 0.81518
1st Resistance: 0.83184
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish Reversal OpportunityAnalysis:
The daily demand zone is acting as a base in this emerging bullish market, as price failed to break below. We have two broken structures, followed by a sell-side liquidity sweep that cleared the swing high, providing displacement.
Trade Idea:
- Entry: Buy at the demand zone around 0.81500
- Stop Loss: Below the demand zone around 0.81300
- Target: 0.82300, based on the broken structures and liquidity sweep
- Risk Management: Position sizing and stop-loss levels should be adjusted according to individual risk tolerance
NZD-CAD Swing Bearish Bias! Sell!
Hello,Traders!
NZD-CAD is making a
Bullish correction from the
Low but the pair is trading
In the downtrend so after
It hits the horizontal resistance
Of 0.8200 we will be expecting
A further move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZDCAD Is Bullish! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.814.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.818 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZDCAD Short EntryHave been watching NZDCAD for a good while and was originally looking for a long play off of blue channel line to maintain current trend.
Today we have broken under the trendline and have achieved strong downward momentum leading the week to control last weeks prior price action. What I am looking for most as we progress towards the end of week/day is a close under .81445 and a touch under next week I will hunt for a touch under .81176 to plan an entry to increas my position sizing. (This is the low from the prior downward pursh)
The lower the better however I would like to confirm a break under prior weekly low closing price (Set on the week of Jul 22 2024) before I begin to commit any major sums of money to this trade.
We could deafinately see some retesting movement of the next couple of days/weeks however I will not begin to get concerned until we break and close above the Ichimoku cloud on the 4 hour time period. I am expecting some consoldidation to happen first on smaller time periods before we see more strong pushs down so provided we dont dump instantly for some reason (Not likely) you should have plenty of time to plan your own entry accordingly.
Orange Marks on Chart are my periodic profit taking levels. Each level hit I will adjust stop to match prior entry or profit taking location
NZD-CAD Locally Oversold! Buy!
Hello,Traders!
NZD-CAD keeps falling down
And the pair is locally oversold
So after the pair hits the horizontal
Support level of 0.8120 we will
Be expecting a local bullish
Correction and a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZDCAD: Oversold Market & Pullback 🇳🇿🇨🇦
NZDCAD may pull back from a key daily horizontal support.
The market looks quite oversold after an extended bearish rally.
As a confirmation, I see a double bottom and a breakout of its neckline
on an hourly chart.
Target - 0.8189
❤️Please, support my work with like, thank you!❤️