NZDCAD trade ideas
NZDCAD 15/07/2024Weekly:
-H&S pattern.
-Weekly highs rejected.
-Last weekly bearish candle could get filled.
Daily:
-Bearish W pattern.
-IC.
4H:
-Bearish W pattern.
-IC.
NZDCAD Swing SellI am looking to short NZDCAD this week. my DAILY selling zone was confirmed. Now I am looking to enter on the SUPPLY zone which caused BOS to the downside. Price has been retracing here correctively. TP target is the beginning of correction zone.
If entry is not reached I will be entering the trades when my LTF confirmation occurs in the 4hr marked zone. ( Grey box)
Safe trading!
Entry 0.83500
SL 0.83750 (25 Pips)
TP 0.832750 (75 Pips)
Possible Bearish Move for NZDCADPrice on a downtrend on the 4hrs, price retracing to a sell zone for a possible Continuation in trend.
Remember: Risk Management very Important
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.
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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.
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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
