NZDCAD trade ideas
NZDCAD BUYI bought NZDCAD, targeting the 0.84011 level. The recent downtrend seems to be stabilizing around 0.83464, giving us a solid base for a potential rebound.
My strategy, suggests we’ll see some ups and downs but generally trend upwards towards 0.84011. I’m expecting this to play out over the next few days-weeks.
btw, I don’t use a stop loss; instead, I go based on market behavior and cycles to determine whether a trade is invalid or not. I’ll be watching the price action closely and might add to my position if we see minor dips. Using minimal leverage to keep things safe. 👊🏾
NZDCAD longNZD seems to be ready to go long. For now Longs scalps can be taken until we have a daily breakout.
NZD/CADA Bearish Bat is a harmonic pattern used in technical analysis to identify potential reversal points in a financial market. It is based on Fibonacci retracement levels and consists of four price swings, creating a specific geometric shape that resembles a bat. Here's a breakdown of the pattern:
XA: The initial price move up.
AB: The retracement of the XA move, typically between 38.2% to 50% of the XA leg.
BC: The retracement of the AB move, typically between 38.2% to 88.6% of the AB leg.
CD: The final move, which is an extension of the BC move and should be between 161.8% to 261.8% of the BC leg, or a retracement of 88.6% of the XA leg.
The Bearish Bat pattern indicates a potential reversal from an uptrend to a downtrend. Traders often look for the pattern to complete at the D point, where they might consider entering a short position.
NZD/CAD head and shouldersInverse head and shoulders
fvg filled
daily oversold RSI
bullish momentum
neckline break and retest on 200 ma
Short NZDCADCurrently NZDCAD on a resistance level on the H1 / H4 level 0.83168 And clearly given a nice SELL Setup on the H1 also standing on a continuation to the down side on the daily timeframe. SIGNAL : sell NZDCAD at 0.83168 Stop loss : 0.83217
Take profit : 0.82895
NZDCAD: One More Bearish Wave Ahead?! 🇳🇿🇨🇦
NZDCAD is trading in a minor bearish trend on a daily.
A recent violation of the low and a formation of a new lower low
indicates the dominance of the sellers.
I think that the market has a nice potential to drop lower.
I believe that a correctional movement will complete soon
and the pair will drop to 0.826 support.
❤️Please, support my work with like, thank you!❤️
NZDCAD IN BEARISH TRENDNZDCAD
It has completed it potential reversal cycle.
There is bearish divergence at the daily time frame.
Harmonic crab pattern completed .
Summary
it is bearish trend reversal and there is potential bullish reversal after TP2 Hit.
NZD/CAD For Bearish after finish pull-backyou can go short now
- General Trend is Down Trend
- Price Finished its pull-back wave and created lower high at red arrow
have fun :)
NZDCADWe can attempt to buy NZDCAD from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
NEW TRADE ✨ NZDCAD: LTF CURVE ANALYSIS (50m) ✨ (DOWNTREND)SLO2 @ 0.8371 ⏳
SLO1 @ 0.8336 ⏳
TP1 @ 0.83069
TP2 @ 0.82179
TP3 @ 0.81596
TP4 @ 0.81330
🔑
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
NZDCAD - Bearish TrendNZDCAD is starting Bearish Trend after divergence, will then trend continue?
Entry, Stop Loss & Take Profit are mentioned.
NZDCAD: Bearish Outlook ExplainedNZDCAD has been showing strong bearish momentum since mid-June.
The market successfully broke and closed below a significant horizontal support level on the 4-hour chart, which has now turned into a new resistance level.
This presents a good opportunity to sell as the market is expected to continue dropping. The next support level to watch for is at 0.8260.
NZDCAD: Growth & Bullish Continuation
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy NZDCAD.
❤️ Please, support our work with like & comment! ❤️
Long NC from fib levelPrice went below my entry long from earlier post. I am entering long again from the golden zone fibonacci level. Looks like its doing a classic break and pullback
NZDCAD - Bullish ContinuationNZDCAD recently shifted from a bearish trend to a bullish one, following a bullish divergence. The price is now forming higher highs and higher lows, indicating a potential buy opportunity at the recent higher low, as the bulls appear to be gaining control.
NZDCAD LONGDAILY
- Bullish market structure
- Inverse head and shoulders
- Sd zone
- Bullish impulse
WEEKLY
- Bullish candle close
- Bullish market structure
- Buy zone
4 HOUR
- Bullish M with Inverse head and shoulders
- Impulse and correction
NZDCAD Buy IdeaOANDA:NZDCAD has been forming Higher Highs and Higher Lows. Currently, It is trading at premium fib levels of 50-61% along with ascending trendline retest. We can look for long opportunities from here
Market Overview Part 22Me Going Over My Full Robin Trap Strategy In Deep Detail. And What Trades Im Looking To Get In Soon!
Falling towards overlap support, could price bounce from here?NZD/CAD is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 0.83166
1st Support: 0.82938
1st Resistance: 0.83551
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 LONGPrice broke Daily Structure on Friday, making majority of my Time Frames bullish.
Market Structure bullish 30
Entry at Daily AOi
Weekly Rejection at AOi
Strong weekly bullish close
Bullish engulfing on the weekly Timeframe
Daily Rejection at AOi
Daily EMA retest
Previous Daily Structure Point
Around Psychological Level 0.83500
H4 Touching EMA
Candlestick rejection on the H4
Levels 4:42
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
#Follow#Share#Comment#Boost
