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NZD/CAD

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NZDCAD trade ideas

NZDCAD LONGBearish trend was broken on Daily and Weekly last week, which made the Market bullish again Market Structure Bullish on HTF Weekly and Daily at the same AOi Weekly Rejection from AOi Previous Weekly Structure Point Daily Rejection Candles Daily EMA Retest Previous Daily Structure Point Around Psychological Level 0.81500 H4 EMA retest Candlestick Rejection at AOi SOS 1:4.97% Entry Signal 115% A++ 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
Long
by mobbie_zw
Potential bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.81706 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.81212 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 0.82427 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
NZDCAD - AB=CD PatternNZDCAD has been trading in a strong Bullish Trend. After a short period of retracement at the 0.81720 price level, the Bullish run has continued. Following the strong Bullish run, the price action has formed an AB=CD pattern, following which strong divergence has been observed on the RSI on the 1 hour timeframe and a Double Top pattern has emerged, hinting a strong reversal into a Bearish trend, if the price breaks the 0.82001 level. Trade Plan: Short Entry: 0.81975 SL: 0.82452 TP1: 0.81500 TP2: 0.81020
Short
by WaqasWasi
CADNZD - Potential Bullish Reversal CADNZD is showing signs of a potential bullish reversal based on the formation of a Bullish Bat Harmonic Pattern (XABCD) with Point D coinciding with a Potential Reversal Zone (PRZ). This zone is further supported by key factors including a significant support area, a 4-hour trend line, and a bullish divergence on the RSI indicator. Bullish Bat Harmonic Pattern: The Bullish Bat Harmonic Pattern (XABCD) is a technical pattern indicating a potential reversal in the price trend. In this case, the completion point (Point D) aligns with other technical factors, increasing the probability of a bullish reversal. Potential Reversal Zone (PRZ): Point D serves as the Potential Reversal Zone (PRZ) where traders anticipate a shift in market direction. This zone is reinforced by the convergence of multiple technical indicators, strengthening the bullish bias. Key Support Area and Trend Line: The presence of a key support area and a 4-hour trend line further validates the potential reversal at Point D. These levels act as additional support for the bullish outlook, suggesting a favorable risk-reward scenario for long positions. Bullish Divergence on RSI: The bullish divergence on the RSI indicator provides further confirmation of the impending bullish reversal. This divergence indicates that despite downward price movement, the momentum is shifting in favor of the bulls, supporting the bullish scenario. Trade Setup: Entry: 1.2170 Stop Loss: 1.2110 Take Profit Levels: TP-1: 1.2230 TP-2: 1.2287 TP-3: 1.2340 Conclusion: Based on the analysis, a bullish bias is suggested for CADNZD, with a potential entry at 1.2170 targeting the specified take profit levels. Traders should closely monitor price action at Point D and manage risk accordingly.
Long
by trading_jupiter
NZDCAD | MT Long H4 | Milk Economy Over Oil Economy? Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which is also a supply zone. Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the direction of this trade. Suggested Trade: Entry @ Area of Interest 0.8070 - 0.8100 SL @ 0.8021 TP 1 @ 0.8155 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8223 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Long
by weekendanalyst
2
NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd EntryTechnical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around - Aiming for the next Consolidation Zone of Price Actions Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the direction of this trade. Suggested Trade: Buy Limit @ 0.8098 SL @ 0.8051 TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8213 Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Long
by weekendanalyst