Long NZDCAD it's a sector place
It's a sector play,
Every industry on under the NZD sector will be affected
By the demand and supply of this sector on there price action (financial statements)
NZDCAD trade ideas
NZDCAD - BEAUTIFUL MARKET SRUCTURE (SHORT TERM PERSPECTIVE)I picked interest in this pair. A strong bullish/momentum chart pattern setup got my attention. Price has also respected the fib levels (0.618, 0.50). There are potential Take Profit levels of 0.236 & 0.118 fib levels respectively. Also there is a SUPPORT where price might tend to pull back before continuing trend as it has broken out of descending trendline indicating a reversal. First target is a measured move based on candlestick pattern and overall Price Objective based on chart pattern. Also visible is hidden divergence with the stochastic indicator.
*NoTE - Canada cut rates recently, NewZeland left rates unchanged.
*Sentiment data show majority of Retail traders and holding onto losing positions and net SHORT on this pair.
NZDCAD SHORTbuyer's showing a lot of exhaustion
Market Structure Bearish on HTFs DH
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Strong Bearish move
Around Psychological Level 0.83500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.57
Entry 70%
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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NZDCAD Excellent buy opportunity on this pull-back.The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target:
The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the pair pulled-back to the 1D MA200 (orange trend-line) and then made a short-term bounce to the Internal Lower Highs trend-line.
As a result, we will be using this opportunity to buy and target 0.84500 (just below the symmetrical Lower Highs trend-line).
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NZDCAD = Buy5 wave structure on the 1 hour is coming to an end for a continuation to the upside since higher time frames are bullish.
Price is at a key level
NZDCAD: Long Trade with Entry/SL/TP
NZDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long NZDCAD
Entry - 0.8318
Sl - 0.8284
Tp - 0.8377
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCAD: Mind the Traps – Here's Why Traders Lost MoneyIn this eye-opening video, I'll break down how sentiment meters and harmonic patterns can powerfully predict reversals, focusing on NZDCAD. Many traders lost money because they missed these crucial signals, and short sellers got trapped.
I'll walk you through the market action in June, showing exactly where I advised the best short positions and the unfortunate backlash of downvotes I received. Now, looking back, it's clear that my analysis was spot-on every time.
Join me as I dissect the trades and demonstrate how to avoid common pitfalls using advanced trading tools. Don't forget to like, comment, and subscribe for more insights and strategies to keep you on the winning side. Let's learn from these mistakes and improve our trading together! 🚀💹
NZDCADAfter reaching the price target of wave 5, we have entered the corrective wave correction. The corrective pattern has progressed exactly like the previous chart.
1.5 RR long opportunityAfter the bullish engulfing pattern, the price experienced a significant drop and formed a daily pivot. Consequently, the price could continue to decline; however, at the 0.8273 level, there are two strong support and demand zones that could lead to a price rejection.
The appeal of this long position lies in its risk-to-reward ratio of 1.5, with a small stop loss of approximately 30 pips.
Keep your trading simple.
2 possible directions of NZDCADFrom this price mapping we see that the pair is trying to determine the trend, currently the price is at the demand level. If it manages to break through the support area, the price will continue to the next support, but currently there is enough buy signal as confirmation. namely the formation of QM in TF H1
Paper Trading Challenge: Which Strategy Did the Best, Winner is The winner has now been decided! In this thrilling paper trading battle, we put four powerful trading strategies to the test: Harmonics Trading Strategy, Sentiment Trading Strategy, RSAI Blueprint Strategy, and Market Structure Strategy.
Throughout this episode, we:
Explained the fundamentals of each strategy.
Demonstrated real-time application of each trading approach.
Tracked and analyzed trades executed by each strategy.
Compared performance metrics including win/loss ratio, average return, and overall profitability.
Whether you're a seasoned trader or just starting out, this video offers valuable insights into the practical application of these popular trading techniques. Watch till the end to see which strategy emerges victorious and to learn tips and tricks you can incorporate into your own trading practice.
🔔 Don't forget to like, comment, and subscribe for more trading strategy battles and tutorials!
NZDCAD - In Bearish TrendNZDCAD is in a bearish trend in 1H time frame. I have switched my time frame to 15min as there is no divergence is observed in 1H, 30m and 15min time frames. I have placed ABCD Bullish reversal Harmonic to predict the Potential Reversal Zone (PRZ at Point D). After determining the PRZ I placed an instant sell order by Market Execution. My TP is way above the PRZ so I have taken a risk/reward of 2%.
The Signal is:
EP: 0.83430
SL: 0.83100
TP: 0.83100
RR: 2%
Lots: 1.71
NZDCAD ShortsMarket Structure Bearish on HTFs DH
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Strong Bearish move
Around Psychological Level 0.83500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.67
Entry 80%
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
NZDCAD Trading Opportunity! BUY!
My dear followers,
This is my opinion on the NZDCAD next move:
The asset is approaching an important pivot point 0.8349
Bias - Bullish
Safe Stop Loss - 0.8309
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8408
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NZDCAD ( UNDER DOWNWARD PRESSURE )NZDCAD
HELLO TRADERS
Tendency the price closer a resistance trendline and trade below turning level, indicating the price is under bearish pressure
TURNING LEVEL : a blue line a round 0.837 , which indicates two conditions , the first conditions until the price trade below 0.837 reach a support level , the second conditions the price breaking 0.837 , the price reach a resistance level
RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level around 0.842 , when it is created the price by open 4h candle above turning level , selling have already increase at this level
SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.832 , buying have already increase at this level
PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.837, it will attempt to reach support level at 0.832 , then stable below this level reach 0.828 , if the breaking this level the price trying to reach a resistance level at0.842 ,by open 4h candle above this level reach 0.847
TARGET LEVEL :
RESISTANCE LEVEL : 0.842 , 0.847
SUPPORT LEVEL :0.832 , 0.828
The break downcheck out some of my ideas. also I don't take every trade idea that you see here
these are assumptions before price action completes and confirms. The point of my ideas are to predict price action everyone knows that's next to impossible but I'm having fun.
I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that aligns with my trading strategy, I then look for my opportunity to enter trades.
Good luck and happy trading
NZDCAD - Bearish Double TOP Hello Traders !
On Wednesday 5 June, The NZDCAD reached a resistance level (0.84798 - 0.85396).
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 0.82620🎯
NZDCADThe chart depicts the NZD/CAD (New Zealand Dollar/Canadian Dollar) currency pair on a 4-hour timeframe. Here’s an analysis based on the visual information:
Trend Analysis:
The pair has been in a downtrend, evident from the series of lower highs and lower lows.
A descending trendline (yellow line) is drawn, indicating resistance levels.
Order Block (OB):
A blue rectangle labeled "OB" highlights a demand zone, indicating a significant area where buyers previously stepped in, causing the price to rise.
The price is currently at this order block, suggesting potential buying interest.
Support and Resistance Levels:
The chart shows potential target levels where the price might face resistance or find support:
0.83900: A minor resistance level where the price might pull back before continuing higher.
0.84545: Another resistance level, which may act as a target for a bullish move.
0.85185: A key resistance level; breaking this would indicate a stronger bullish trend.
0.86000: A major resistance level where significant selling pressure might be expected.
0.87000: A higher target level, indicating a strong bullish move if the price reaches this area.
Current Price Action:
The price is hovering around 0.83281, showing a small decline.
The price has just hit the support zone marked by the red rectangle below the current price, suggesting potential buying pressure.
Potential Trade Setup:
Long Position: If the price holds at the current support level (around 0.83200) and starts showing bullish signals, it could be a good entry point for a long position targeting the mentioned resistance levels.
Stop Loss: Below the recent low (around 0.83000) to manage risk.
Indicators:
No indicators are visible on the chart, but incorporating some (like RSI or MACD) could provide additional insights into momentum and trend strength.
NZDCAD Sell limit @0.835NZD & CAD is my favourite pair to trade,let the market decide this order win or lose.
Thank you
NZD/CADThe chart is a good indication of a good position to sell. To find good opportunities in the market, wait and trade and have the right price to avoid falling into the trap of big banks and enjoy a good trade and give a good deal a chance to bring you a good profit.
NZD/CADThe chart is a good indication of a good position to sell. To find good opportunities in the market, wait and trade and have the right price to avoid falling into the trap of big banks and enjoy a good trade and give a good deal a chance to bring you a good profit.
on watch - kiwi cad rt1quick breakdown of how I would be looking to play kiwi cad long if it shapes up
