Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation. W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price...
Plan: wait for the price to bounce off from demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you...
NZD / CAD finally broke through the strong structure, and did the bounce as we drew, now what we hope is that it will break through and close below 0.87600, and then it would be a nice opportunity.
NZDCAD SHORT FROM 0.8820 STOP LOSS MUST BE 0,8900 TP 8735
Hello Traders! ------------------------------------------------------------- 🚀SELL Execution according to the market. ------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻 -----------------------------------------------------------------------------------------------------
Good day guys.. SWING SETUP- NZDCAD HOUR-01 Price above 50,100,200 EMA Series of HH HL HH patterns Bullish momentum Price above RSI 50 Price above Ichimoku cloud Price above .50 Fibonacci HOUR-4 Price above .50 & .618 Fibonacci Strong rejection around 0.88000 Price above 50,100,200 EMA Ichimoku cloud is turning green DAILY Price above .786...
After an important rejection off a strong resistance zone at around 0.8840, we start to see multiple failed attempts for NZDCAD to break out of this resistance zone and move up higher. I will be seeing movement below the Ichimoku cloud as of now, with BEARISH strength building up. The strong support level @0.8795 will potentially be broken, becoming a strong...
Support this analysis with your likes and comments! This is an update on the previous Daily setup shared a few weeks ago. NZDCAD reversed and broke the S&R zone and ascending trendline impulsively in wave i. According to Elliot Wave theory, impulse move is always followed by a three-wave correction. In NZDCAD's case, the short-term rally is currently taking...
Waiting for confirmation on my trend lines.
Potential Head and Shoulder pattern. Also lining up with the fib retracement levels.
Plan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
This market is currently ranging based on the H4 tf. Will wait for a break above the zone to confirm bullish retracement. However, this market has the potential to roll over and crate a new LL for a continuation of the bearish impulse move.
Adjusting my idea.. Showing the correct area that needs to be broken
Waiting for price to break resistance and we can go long
BUY NZDCAD AFTER DOUBLE BOTTOM at 1h, at support level, There are 3 Targets.
Hi Traders, NZDCAD seems to have completed a 5-3 (impulse-correction) cycle. Prices decline in five-wave from the top in wave (a), followed by a three-wave corrective zigzag in wave (b). The pullback retraced almost 78.6% of the sell-off, and the price action becomes weaker as it approaches the top. According to Elliot Wave theory, once a 5-3 cycle is completed, ...