LONG AND SHORT TRADE ON NZDCADimpulse and correction.. the overall movement is a downward trend and we're just having a minor correction from an impules.
CADNZD trade ideas
NZDCAD - 1D - DOUBLE BOTTOMS - LONGIn this chart we have observed LH & LL and at the bottoms we have bottoms almost equal LL's . which gave us the sign of potential breakout if it breaks the neckline, which is our entry area.
what you say about that.
NZD/CAD Creating Inverted H&S Pattern ,Need Confirmation To Buy Our Pair creating inverted head and shoulders pattern but we still need a 4h closure above neckline to confirm the pattern and give us a confirmations to can buy it , and we can measure our target by putting a measure tool between neckline and head , if we have not a 4h closure above our neckline so this idea will be canceled .
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
SELL NZDCAD 💲💀💲 №336FX:NZDCAD
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NZD/CAD IS FORMING GARTLEY PATTERNThe NZDCAD currency pair is currently showing a Gartley pattern formation. After reaching a key support level, I anticipate a bullish reversal as buyers enter the market and drive the pair higher.
NZDCAD in the first half of 2024A glimpse of the NZDCAD in the first half of 2024
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NZDCAD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8131
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8117
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Sells on the NZDXADBreak off structure and retreat in the weekly timeframe…almost trying to complete the M structure
NZDCAD IS MY TRADE OF THE WEEKThis has a 70% possibility of going long and the reason are:
There was a strong rejection on the daily AOI
All timeframes are Bullish (Weekly, Daily and 4hour)
We can see a strong bullish Engulfer on the 4hour timeframe.
We can also see a strong Bullish Engulfer on the 30mins timeframe.
NZDCAD Possible short PossitionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
1D - Re-Entry
4H- 50 EMA Rejection + Extreme Sell
1h- wait for CSAK + Retest in MAHILO min 1h
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 1D
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
✅NZD_CAD SWING LONG🚀
✅NZD_CA D is making a
Bullish rebound from
The rising support line
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
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Potential bullish riseNZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.81199
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.80930
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.81706
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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NZDCAD Looking at the NZDCAD i think it would promise a down trand due to the brake of trand line but still looking for more confirmations 👍.
NzdCAD SetupThis Setup for NZDCAD is valid on 1 hour time-frame. Look for LTF confirmation before entry.
NZDCAD- bullish trendThis chart shows RSI above 50 with double bottom and double top both patterns but we can see there isn't any bearish engulfing candle.
NZDCAD 24/04/2024Weekly:
-H&S pattern.
-Imbalance.
Daily:
-Bearish W pattern.
-IC.
4H:
-H&S pattern.
-IC.
-Imbalance.
NZDCAD Will Keep Growing!NZD-CAD finally broke the
Long-term falling resistance
Line and the breakout is
Confirmed so we are
Bullish biased and I think
The the pair will go higher
Mid-term !
$100k Challenge - NZDCAD Long - E6 T2Hey everyone!
Yet another trade idea for the challenge! In this one we have some positive feelings for the NZDCAD! 📈
When inspecting the H4 chart we immediately see how the market rejected almost instantly the support area, to then fail to create new lows and printing a strong bullish presence around the 22nd. I've been monitoring a potential long for a few days as I wanted to take advantage of this potential bull run.
Once I saw the market continuing upwards, I went to the H1 charts to search for a potential entry opportunity, I spotted a strong support area that was acting as the top range for a minor consolidation zone. When I saw the market trading again above the consolidation resistance, given that the zone previously acted as a strong support, I decided to zoom in a bit more.
Which takes us to the M30 chart, where we see the market making constant pushes towards the resistance zone, creating a bullish structure (higher lows higher highs), and when reading the recent price action, we see how the market appeared to have a strong selling presence, it failed to follow through, suggesting that the bulls have the upper hand! It's not as clean as I'd like the entry to be, but given the great 1:4 RR of the trade, it was enough to convince me!
Regarding risk and trade management, we have a standard approach: 1%, half of it to the first TP located at the H4 resistance area around the 0.8160 zone, and the second half with an open TP in case we see a break from that resistance, which can lead to a long-term bullish trend for the following few months.
Anyways, I hope you enjoyed the set up idea! Remember to follow so you can stay up to date with the trade ideas :)
Until the next trade!
NZDCAD BUY SCENARIOAs you can see, everything is highlighted, price is bullish in both weekly and daily time frame,
in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
after breaking the trendline it will just go for high chancesafter breaking the trendline it will just go for high chances
