NZDCAD trade ideas
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
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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!
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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.
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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!
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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
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NZDCAD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8200
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8232
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCAD SHORT Market structure Bearish on HTFs DW
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 0.83000
H4 EMA retest
H4 Candlestick rejection
Levels 6.7
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Sell NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8240
Target Levels:
1st Support – 0.8210
2nd Support – 0.8195
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Best Regards, KABHI FOREX TRADING
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