NZDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
NZDCAD trade ideas
Sells on the NZDXADBreak off structure and retreat in the weekly timeframe…almost trying to complete the M structure
NZDCAD IS MY TRADE OF THE WEEKThis has a 70% possibility of going long and the reason are:
There was a strong rejection on the daily AOI
All timeframes are Bullish (Weekly, Daily and 4hour)
We can see a strong bullish Engulfer on the 4hour timeframe.
We can also see a strong Bullish Engulfer on the 30mins timeframe.
NZDCAD Possible short PossitionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
1D - Re-Entry
4H- 50 EMA Rejection + Extreme Sell
1h- wait for CSAK + Retest in MAHILO min 1h
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 1D
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
✅NZD_CAD SWING LONG🚀
✅NZD_CA D is making a
Bullish rebound from
The rising support line
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
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Potential bullish riseNZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.81199
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.80930
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.81706
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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NZDCAD Looking at the NZDCAD i think it would promise a down trand due to the brake of trand line but still looking for more confirmations 👍.
NzdCAD SetupThis Setup for NZDCAD is valid on 1 hour time-frame. Look for LTF confirmation before entry.
NZDCAD- bullish trendThis chart shows RSI above 50 with double bottom and double top both patterns but we can see there isn't any bearish engulfing candle.
NZDCAD 24/04/2024Weekly:
-H&S pattern.
-Imbalance.
Daily:
-Bearish W pattern.
-IC.
4H:
-H&S pattern.
-IC.
-Imbalance.
NZDCAD Will Keep Growing!NZD-CAD finally broke the
Long-term falling resistance
Line and the breakout is
Confirmed so we are
Bullish biased and I think
The the pair will go higher
Mid-term !
$100k Challenge - NZDCAD Long - E6 T2Hey everyone!
Yet another trade idea for the challenge! In this one we have some positive feelings for the NZDCAD! 📈
When inspecting the H4 chart we immediately see how the market rejected almost instantly the support area, to then fail to create new lows and printing a strong bullish presence around the 22nd. I've been monitoring a potential long for a few days as I wanted to take advantage of this potential bull run.
Once I saw the market continuing upwards, I went to the H1 charts to search for a potential entry opportunity, I spotted a strong support area that was acting as the top range for a minor consolidation zone. When I saw the market trading again above the consolidation resistance, given that the zone previously acted as a strong support, I decided to zoom in a bit more.
Which takes us to the M30 chart, where we see the market making constant pushes towards the resistance zone, creating a bullish structure (higher lows higher highs), and when reading the recent price action, we see how the market appeared to have a strong selling presence, it failed to follow through, suggesting that the bulls have the upper hand! It's not as clean as I'd like the entry to be, but given the great 1:4 RR of the trade, it was enough to convince me!
Regarding risk and trade management, we have a standard approach: 1%, half of it to the first TP located at the H4 resistance area around the 0.8160 zone, and the second half with an open TP in case we see a break from that resistance, which can lead to a long-term bullish trend for the following few months.
Anyways, I hope you enjoyed the set up idea! Remember to follow so you can stay up to date with the trade ideas :)
Until the next trade!
NZDCAD BUY SCENARIOAs you can see, everything is highlighted, price is bullish in both weekly and daily time frame,
in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
after breaking the trendline it will just go for high chancesafter breaking the trendline it will just go for high chances
NZD CAD - A SMALL FLY MODE TO RESISTANCE HERE we can see that price formed consolidation after that took a break out to support balanced the liquidity at higher tm frames price created a double bottom pattern now price has to fill the liquidity at up resistance zone a small lone entry as shown in the picture follow for more live updates...
NXDCAD: further correction?A price action below 0.8095 supports a bearish trend direction.
Increase short exposure for a break below 0.8075.
The target price is set at 0.7985.
The stop-loss price is set at 0.8185 (its 200-day simple moving average).
An incomplete falling wedge patterns seems to be developing.
NZDCADWe can attempt to short NZDCAD from specified level as LH , 0.5 FIB , trendline resistance , EMA 100 occur.
SL , TP mention in chart
NZDCAD - LongEntry: from the bullish zone.
Stop Loss: below the bullish zone.
TP: TP1 and TP2
Don't Forget to practice proper risk management.
Continuing Bearish Trend: NZDCAD's Pattern of LH and LLThe NZDCAD pair persists in a bearish trajectory, characterized by successive lower highs and lower lows, indicating a likelihood of continued downward movement.
NZDCAD SHORT - WAIT FOR RETEST!Waiting for a break and retest of 0.81072 to short NZDCAD back to 4H swing low at 0.80510
If you agree drop a like and if you have any questions leave a comment :)
NZD-CAD Growth Ahead! Buy!
Hello,Traders!
NZD-CAD went down but
Will soon hit a rising support
Line so a bullish rebound is
To be expected
Buy!
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