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NZDCAD trade ideas

NZD/CAD Analysis: Liquidity and Supply Zone Reaction Timeframe: NZD/CAD Analysis: Liquidity and Supply Zone Reaction Timeframe: 4-Hour Overview: This analysis focuses on the current price structure and potential setups for NZD/CAD. The market is approaching a significant point of interest (POI) at a supply zone, where a high probability of price reaction is expected. Key concepts such as liquidity grabs, imbalances, and market structure shifts are highlighted. Key Observations: Point of Interest (POI): The supply zone marked between 0.8218 – 0.8258 represents an area where selling pressure previously overwhelmed buyers. This zone aligns with previous price inefficiencies and an imbalance (imbL), making it a critical test for the current bullish momentum. Liquidity to Take: There’s visible liquidity resting above recent highs within the supply zone. This liquidity, highlighted as "lq to take," might attract price before a potential reversal occurs. Smart money tends to grab liquidity before deciding the next directional move, making this a key area to watch. Market Structure Shift (MSS): The MSS level marked at the lower end of the chart indicates where the market shifted from a bearish to a bullish structure. This bullish structure currently holds, but the POI could serve as a zone for a trend reversal or continuation after a retracement. Imbalance: The chart highlights an imbalance zone (imbL), representing an area where price moved too quickly, leaving inefficiencies in the market. The imbalance is a magnet for price action, often serving as a draw for liquidity seekers. Liquidity Target: The diagonal line pointing towards "lq to target" illustrates how the market cleared sell-side liquidity before continuing upward. The price appears to be in a liquidity-seeking phase, with the supply zone as the next likely target. Trading Plan: Scenario 1: Rejection from the Supply Zone Confirmation: Watch for bearish candlestick patterns (e.g., engulfing or pin bars) in the supply zone. This signals sellers entering the market. Entry: Enter short around 0.8218 – 0.8258, with confirmation from price action. Stop-Loss: Above 0.8258 (beyond the zone). Take-Profit: Target the recent liquidity sweep near 0.7998, aligning with previous demand. Scenario 2: Breakout Above the Supply Zone Confirmation: A strong break and close above 0.8258, followed by a pullback into the zone. Entry: Enter long on a pullback into the broken zone (now demand). Stop-Loss: Below 0.8218 (mid-range of the zone). Take-Profit: Aim for higher levels, such as 0.8300+, based on higher timeframe structure. Key Levels: Supply Zone (Resistance): 0.8218 – 0.8258 Demand Zone (Support): 0.7998 Imbalance Zone: Around 0.8180 Conclusion: NZD/CAD is at a critical juncture near a supply zone. Whether price rejects or breaks through will determine the next major move. Be patient and wait for price action confirmation before executing trades. This setup offers a solid risk-reward ratio for both reversal and continuation scenarios. What do you think of this idea? Let me know your thoughts in the comments below, or feel free to share your perspective!
by obedimngilisho
NZD/CAD Price Action Analysis (Daily Timeframe)NZD/CAD Price Action Analysis (Daily Timeframe)** Overview: The chart illustrates the NZD/CAD pair on a daily timeframe. It highlights a recent bullish rally after a sustained downtrend, with the price nearing a key resistance level. A potential rejection or breakout scenario could unfold in the coming sessions. --- Key Observations: 1. Recent Bullish Momentum: - The price has seen a strong bullish run in recent days, forming consecutive higher highs and higher lows. This indicates increasing buying pressure in the market. - The bullish rally has brought the price into a significant supply zone, visible as a grey rectangle on the chart. 2. Supply Zone: - The shaded grey area represents a supply zone around **0.8212 - 0.8252**, where selling pressure previously outweighed buying pressure, leading to price rejection. - This zone is critical as it could either: - Act as a reversal point, pushing the price back into a bearish trend. - Lead to a breakout if buying pressure persists. 3. Rejection and Risk Management: - A bearish candlestick pattern forming in this zone (e.g., shooting star, bearish engulfing) would signal a potential reversal. - Stop-loss placement for potential sell entries is highlighted at **0.8252** (above the supply zone). - The take-profit zone for a bearish setup is projected around **0.7992**, aligning with previous support levels. 4. Trend Context: - Despite the bullish rally, the broader trend before this rally was bearish. This makes the current move a potential retracement, with the supply zone being a critical test for bulls. - A clear close above **0.8252** could invalidate the bearish outlook and signal further bullish momentum. 5. Key Levels to Watch: - **Resistance:** 0.8212 – 0.8252 (Supply Zone) - **Support:** 0.7992 (Highlighted Take-Profit Zone) - **Mid-Level Reaction:** 0.8100 (Round Number and Psychological Level) 6. Risk-Reward Analysis: - The chart suggests a favorable risk-to-reward ratio for short positions, given the tight stop-loss above the supply zone and a relatively larger take-profit target. --- #Possible Trading Scenarios: 1. Scenario 1: Bearish Rejection in Supply Zone - Look for bearish candlestick confirmation within the supply zone. - Entry: Near 0.8212 (upper range of the zone). - Stop-Loss: Above 0.8252. - Take-Profit: Around 0.7992 (previous support zone). 2. Scenario 2: Bullish Breakout Above Supply Zone - A strong daily close above 0.8252 would signal a breakout. - Entry: On a pullback to the broken zone. - Stop-Loss: Below 0.8212. - Take-Profit: Aiming for higher resistance levels (around 0.8350 or higher). --- #Conclusion: The NZD/CAD pair is at a critical juncture, testing a significant supply zone. Traders should monitor price action closely in this area, looking for confirmation before entering positions. The outcome in this zone will likely dictate the pair's next major move, offering opportunities for both breakout and reversal trades.
by obedimngilisho
NZDCAD Will this Evening Star give us some nice pips? NZDCAD formed an evening star pattern. The name is not important but the price action (bullish trend followed by indecision and then by a strong bearish move) could be. Time will tell. Switch to your daily chart and note that all this is happening at a significant s/r level. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
EUR/USD Long, GBP/USD Short and NZD/CAD ShortEUR/USD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it. GBP/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 2 touch 1H continuation forms, 15 min risk entry within it.
by StewySongs