NZD/CAD BEARISH BIASHi Smart Money Traders!
NZA/CAD reached a strong resistance level and failed to break it!
The price formed a head and shoulders pattern!
At the moment the is broken!
Therefore, I predict a bearish move 📉
CADNZD trade ideas
Bearish on NZDCADThe pair has shown signs of bearish momentum, confirmation are already on the chart and is a good short to take.
NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.834.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.831 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCAD BEARSContinuation of a downtrend. Pull-back to the zone, FVG filled. BSL taken. 20 EMA cross below 50 EMA ( 1 minute chart ).
NZD_CAD BEARISH BREAKOUT|SHORT|
✅NZD_CAD made a bearish
Breakout of the key horizontal
Level of 0.8350 which is now
A resistance and as we are now
Bearish biased we will be
Expecting a further move down
SHORT🔥
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NZDCAD BIASI REALLY DON'T LIKE RANGING MARKETS BUT THATS WHAT THIS MAKERT IS!!!!!
- I would like to support bearish prices due to the buy side that was swept.
- 4 HR looks bearish. I would sell it in that 4hr BREAKER.
- Waiting for this week to end would be the best option to determine where this Market is going.
- But during Asian Session I will take sell looking at a 15mins MSS to develop.
That's a C set up to me!!!!!!!
NZDCAD has entered into bearish phaseby breaking the support the pair has started a bearish trend. A potential zone has also been drawn at which the price can probably fall, 1:2 target can be achieved
Shifted bearishFrom the bullish market price mitigated the 4h order block at 0.84736 and reduced to provide us with displacement. The shift engineered a flip to supply zone for a bearish distribution. With the two break of structures in hand, this data tells us that we have a strong bearish market. Looking for a hike to sweep the liquidity and mitigate the rejection block for a clean bearish entry at 0.83955, with stop loss at 0.84355 and our target at 0.82155…
NZDCAD Simple Trading SetupsNZDCAD has dipped amongst NZD weakness within a long term uptrend cycle.
This has mostly came (Longer Term) due to Rates and their proposed changes.
Risk appetite currently around US/China rules.
Selling NZDCADHello traders this is just a simple break and retest trade.
Head and shoulders
Nice supply zone here which I expect price to retest it will also act as my liquidity/SL Zone.
The position of the pivot point is a very nice level which we can use to place our SL
NZD/CAD- 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : NZD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Reversal
0.83250 Area
Reasons
- Major Turn levl
- Visible Range hvn
- Channel Break
- Choch Zone
- Day / week low
Bullish Reversal
0.81500 Area
Reasons
- Major Turn level
- Pattern Target
- Choch Zone
- Quarters Area
- Fibo Golden
NZDCADCurrently on NZDCAD we are waiting for price during the upcoming week on the weekly timeframe to takeout the previous 3-months high or the high of the year to register a new high of the year then closing below the previous high, from there we are expecting price to distribute to the downside below the true year open maybe down to level 0.75000
NZDCAD - BULLISH ??hi everyone
here i just share a basic technical analysis
NZDCAD already break resist on H4 , and make a retest
so interesting !!!!
what do you think?
disclaimer
this is not a signal
be smart
NZDCAD BULLSABCD pattern. The low which is A broke structure. B was created as the new high, now C is a retracement to the demand zone that caused the BOS. No liquidity & no FVG!
Bearish reversal?NZD/CAD is rising towards the pivot which acts as an overlap resistance and could reverse to the pullback support.
Pivot: 0.84198
1st Support: 0.83475
1st Resistance: 0.84740
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.
NZDCAD LONGMarket structure Bullish on HTFs 30
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 0.840000
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.44
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDCAD: Bullish Trend (Harmonic Pattern)NZDCAD is forming Bullish Trend, there is also Bullish Divergence on 1hr time frame and perfect Harmonic Pattern so we can take a long trade on CMP with proper Risk Management.
NZD/CADTrading Idea NZD/CAD
On the NZD/CAD pair, the price has previously reacted to the psychological level of 0.8400.
Currently, after reaching this level, the price has made an impulsive move to the downside and formed a lower low on the 4-hour timeframe.
I expect the price to continue moving downward, with the take-profit level aligned with the Fibonacci levels.
For now, I’m simply waiting for a strong rejection before entering this trade. Until such a rejection occurs, this trade remains invalid
Pullback support ahead?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level tour take profit.
Entry: 0.8328
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.8284
Why we like it:
There is a pullback support level.
Take profit: 0.8423
Why we like it:
There is an overlap resistance that aligns with the 50% Fibonacci retracement.
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50% Fibonacci support ahead?NZD/CAD is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 0.83409
1st Support: 0.82859
1st Resistance: 0.84249
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.
NZDCAD LongTaking another position here on this pair, got stopped out on the first position at BE and that was really a "almost TP-taken trade" which is annoying. But i took another one though and see how it plays out
Bullish Sentiment on NZDCAD All my four major confluences are present which are-
*) Market structure(BoS)
*) Demand
*) Imbalance
*) Liquidity(Entry & Take Profit)
So I would have gone Aggressive entry on the HTF but I strongly prefer to use the Confirmation(ChoCh) on the LTF before executing. So I’m patiently waiting.
Note: the market is all a probability which also makes my analysis a probability.
