NZDCAD trade ideas
NZDCAD: Watching for Bullish Setup After Key Zone TestNZDCAD is approaching a potential setup, but price has not yet reached the key highlighted area. Here’s my plan:
1️⃣ If price pushes into the pink highlighted resistance zone, I’ll wait for a pullback to validate the setup.
2️⃣ Once price pulls back and holds a key support level, I’ll look for a bullish confirmation to go long.
This setup allows me to enter at a better risk-to-reward ratio while confirming buyer strength. Patience is key—I’m waiting for price to meet my criteria before taking action.
Mindset Tip:
In trading, waiting isn’t passive—it’s preparation. Let the market come to you and validate your plan before making a move.
Trade Plan (Pending): Selling NZD/CAD at 0.8283NZD/CAD is moving higher within an Expanding Wedge pattern. This formation has an eventual bias to break to the downside. Bespoke resistance is located at 0.8283. This level has been pivotal through November. We will see the completion of a butterfly formation at 0.8287. Trendline resistance is currently located at 0.8296.
Selling at bespoke resistance with a stop loss above the trend of higher highs targeting the previous swing low offers a risk-reward factor of 3.41.
SL: 0.8300
TP1: 0.8225
R Rate 3.41
#tradeplan #NZDCAD
NZDCAD 4hr LongNZDCAD
✅ 4hr Short ✅
💰ENTRY: 0.82560
👎STOP LOSS: 0.82708
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
Bearish reversal off overlap resistance?NZD/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.82844
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.83182
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 0.82443
Why we like it:
There is a pullback support level.
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NZDCAD Break Out of ChannelNZDCAD today has broken out of its downtrend, crossed the cloud and broke PMH.
Have been loading this trade since the 13th as we continued to test the lower trend line. Now that we are starting to get some better momentum this upward momentum could continue for some big gains.
NZDCAD-Nov-18-expectations
The market is trending downwards, indicating a bearish sentiment, with the price pulling back to the 0.786 Fibonacci retracement level. A supply zone has been identified and defined as an order Block. Confirmation of the trade setup has been completed with a break of structure on the 15-minute timeframe (head &shoulders). The stop loss is positioned 10 pips above the supply zone. The take profit target is set at the nearest demand zone to align with market dynamics and ensure a favorable risk-to-reward ratio (2-1 RRR)
NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a potential downsides around 0.82900 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
NZD/CAD Bank Money Heist Plan on Bearish SideBonjour! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist NZD/CAD Bank Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 4h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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NZD/CAD AnalysisThe NZD/CAD exchange rate has been moving within a well-defined channel over the past year. The price consistently touches the support line during downtrends and the resistance line during uptrends, suggesting a potential opportunity for a short position targeting the support level. Based on current analysis, the overall trend remains bearish.
This is not financial advice.
NZDCAD Pattern FormationThis currency has been forming a rising flag pattern (according to 1D timeframe) and the trend wants to complete the pattern by touching the lower trendline at 0.817.
According to the lower timeframes, there is the formation of a falling wedge, and this will help us come up with an entry position. We will wait for the price to break out of the formation and retest the zone so that we can enter our trade.
NZDCAD Will Go Up From Support! Long!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.820.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 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.
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NZD / CAD BEARISH OPPORTUNITIES H & S PATTERN.
Description
this pair has beautifully retraced from the neckline of daily head and shoulder pattern formed .
Chance of entering on the retest of neckline is missed as per now but , knowing the momentum which is bearish as we see now can bring lot of good setups in coming days.
NzdCad Trade IdeaNzdcad has been bearish. I managed to catch a solid 1:3rr to the downside where targets were then smacked. NC has been using a trendline as support so I'm personally waiting to see what happens when price approaches the trendline. I either want to see some type of bullish volume with structures to match or wait on price to continue crashing below the trend. Price has respected the trendline MULTIPLE times so I doubt price would crash below. My priority on the pair is to look to go long.
NZD/CAD Channel playEven though NZD/CAD is in a Longterm bearish trend we are currently trading along the lower trendline and short term charts are overextended to the downside. Signifying a high potential for a quick bounce.
Stop will be with 1HR close under trendline (Will look for re-entry if happens)
Good risk to reward ration for a quick play leading into this afternoon.