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NZD/CAD

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NZDCAD trade ideas

NZDCAD WEEKLY SYMMETRICAL TRIANGLE, RETEST@78.6% 483 PIP MOVE?Trading the Symmetrical Triangle Identify the Pattern: Recognize the symmetrical triangle on the price chart by connecting the series of lower highs and higher lows. Wait for the Breakout: Do not enter a trade until the price breaks out of the triangle. A breakout is confirmed when the price closes outside the trend lines, either above the upper trend line or below the lower trend line. Volume Confirmation: Look for an increase in volume during the breakout to confirm its validity. Set Entry Points: For an Upward Breakout: Enter a long position when the price breaks above the upper trend line. For a Downward Breakout: Enter a short position when the price breaks below the lower trend line. Set Stop-Loss Orders: Place stop-loss orders to manage risk. For an upward breakout, a stop-loss can be placed just below the lower trend line, and for a downward breakout, just above the upper trend line. Set Profit Targets: Measure the height of the triangle (the vertical distance between the initial high and low) and project it from the breakout point to set profit targets.
Long
by BenjaminFib
Detailed Review of NZD/CAD Weekly Chart Analysis### Detailed Review of NZD/CAD Weekly Chart Analysis #### Overview The NZD/CAD currency pair has recently presented some intriguing patterns and formations on the weekly chart, suggesting a potential bullish outlook. Key indicators such as the SSL channel, bullish Fair Value Gaps (FVGs), and the sequence of swing lows (STLs) and intermediate trend lows (ITLs) are contributing to this analysis. Let's delve into each aspect to understand the implications and opportunities for traders. #### SSL Channel Bullish Signal The SSL (Semafor Stop Loss) channel is a critical tool used by traders to identify trend directions and potential reversals. In the case of NZD/CAD, the weekly chart shows a bullish signal where the SSL channel has been "grapped" or intersected. This intersection typically indicates a shift from a bearish to a bullish trend, signaling traders to look for long positions. #### Creation of Bullish Fair Value Gap (FVG) A Fair Value Gap (FVG) is a price gap where an imbalance between buyers and sellers has occurred, leading to a rapid price movement. On the NZD/CAD weekly chart, a bullish FVG has been created, highlighting an area where buyers have overwhelmed sellers. This gap often acts as a strong support zone, suggesting that the price may find a floor here before continuing its upward trajectory. #### Sequence of Swing Lows (STLs) and Intermediate Trend Lows (ITLs) 1. **STL Formation:** The sequence of swing lows (STLs) is crucial for confirming trend reversals. In the case of NZD/CAD, the chart indicates the formation of new STLs, which further strengthens the bullish sentiment. These lows represent higher lows compared to previous swings, showing a consistent upward momentum. 2. **ITL Formation:** Intermediate Trend Lows (ITLs) are also forming in conjunction with STLs, providing additional validation for the bullish trend. ITLs are essential for identifying intermediate corrections within the primary trend, offering traders opportunities to enter the market during pullbacks. 3. **STL to be Created:** The pattern suggests that another STL is likely to be created soon. This anticipated formation aligns with the overall bullish sentiment, giving traders a potential entry point to capitalize on the upward movement. #### Conclusion The NZD/CAD weekly chart presents a compelling case for a bullish outlook based on several key indicators. The SSL channel's bullish signal, the creation of a bullish FVG, and the sequence of STLs and ITLs all point towards a strong upward trend. Traders should monitor these patterns closely and consider long positions to take advantage of the potential bullish movement. By staying informed about these technical indicators and understanding their implications, traders can make more strategic decisions and maximize their trading opportunities in the NZD/CAD currency pair.
Long
by Asif_Brain_Waves
NZDCAD Will Go Up! Buy! Please, check our technical outlook for NZDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.819. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.825 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish with BOS Swing Move: Corrective move just reached at POI, making a deeper pullback for correction. Internal Structure: Bearish, aligning with the larger timeframe. POI: Momentum move in the low Premier zone. Time Frame Confluence: H4, H1, M15, M5. 2️⃣ Pattern 🟢 CHART PATTERNS: Double top with false breakout. 🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting. 3️⃣ Volume: Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume. 4️⃣ Momentum RSI: 🟢 In bearish momentum zone with range shift. 5️⃣ Volatility Bollinger Bands: 🟢 Contraction is just beginning, so the price might make a small range before moving further down. 6️⃣ Strength: NZD is weaker against CAD. 7️⃣ Sentiment: SELL. ✔️ Entry Time Frame: 15m ✅ Entry TF Structure: Bearish ✔ Entry Time POI: EXT ORDER BLOCK high probability ☑️ FIB Trigger: Activated 💡 Decision: SELL 🚀 Entry: 0.8337 ✋ Stop loss: 0.8360 🎯 Take profit: 0.8156 😊 Risk to reward Ratio: 8 RR 🕛 Expected Duration: 20 days SHORT SUMMARY The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5. A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume. The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment. The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
Short
by Optimum369
NZDCAD Massive Long! BUY! My dear friends, Please, find my technical outlook for NZDCAD below: The instrument tests an important psychological level 0.8260 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8294 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1