NZDCADI'm currently holding a short trade on NZDCAD. I entered the trade after identifying a reversal on the 15-minute timeframe that aligned with my higher timeframe bearish trend.
Trade ideas
NZDCAD: Classic Breakout Trade 🇳🇿🇨🇦
NZDCAD broke and closed below a significant daily horizontal support last week.
The broken structure turned into a potentially significant resistance from where
I expect a bearish continuation.
A formation of a double top pattern on that on an hourly time frame suggests
a strong bearish pressure today.
I expect a down movement to 0.8049
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Nzdcad buy I will buy nzdcad at this point of 0.80616 and I will set my stop loss at 0.80310 I will be looking to take profit around 0.81250 see how it runs from there
NZD/CAD: Classic Breakout TradeNZDCAD was trading within a narrow horizontal range on a 4H time frame
and stuck between 2 intraday horizontal structures.
Bearish breakout of the range support is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 0.8008
NZDCAD is Holding Below the Support Hello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD SHORTMarket structure bearish on HTFs 3
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 0.81000
Touching EMA H4
H4 Candlestick rejection
Rejection from Previous structure
Levels
Entry 120%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
NZDCAD DIRECTIONAL BIAS!Taking a look at the structural aspect of NZDCAD from the daily perspective, we can deduce that we have a good probability of seeing market rebound bullish in near term. Therefore, what I and my team will be doing is to Monitor price from the intraday perspective using the best timeframe H4 and lower to spot when market will shift from intraday bearish as it’s to intraday bullish so as to take full advantage of this amazing opportunity.
NZDCAD Buy !It is time to buy the NZDCAD pair now. Rejected from a strong support area and now started to going up. I will risk 1% for this trade and my target is 1:3 from this trade. Do not risk more than 1% from your capital for a trade. Trade safe.
NZDCAD--SHORT--Bearish cont.
--tp and entry levels are as shown on chart
--Also check the chart I published at the begining of this week (I added below)
NZDCAD Set To Grow! BUY!
My dear followers,
This is my opinion on the NZDCAD next move:
The asset is approaching an important pivot point 0.8078
Bias - Bullish
Safe Stop Loss - 0.8072
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8088
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
NZDCADIt is time to buy the NZDCAD pair now. Rejected from a strong support area and now started to going up.
tp 0.8118
NZD/CAD: Time to Recover?!NZDCAD approached an important daily horizontal structure support level.
The subsequent test of this level halted the bearish momentum.
Furthermore, the market formed an inverted head and shoulders pattern on the 4-hour timeframe, subsequently breaching its neckline, thereby providing a clear bullish signal.
Consequently, a price rebound towards the 0.8131 level is anticipated.
Bullish reversal in play?NZD/CAD has bounced off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 0.80646
1st Support: 0.79985
1st Resistance: 0.81973
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NZDCAD: Weak Bearish SignalThis pair is interesting, but must be approached with caution.
Daily Timeframe:
Price crosses below HTL, but the overall daily price action is quite chaotic so should proceed with caution
H1 Timeframe:
Price fails to make a new higher high on the intraday timeframe, which is a good sign that this uptrend is weakening
There's also greater confluence with the overall downtrend as price crosses below ATL
Another indication of downtrend is price below EMA20 and EMA20 is pushing below EMA60
Nzdcad - Bullish I see a bullish pattern forming to further continue to brake the htf structure that wants to sweep the swing high to create a choch .
I will see how it goes .
Happi trading
NZD_CAD LOCAL SHORT|
✅NZD_CAD has retested
A key resistance level of 0.8120
And as the pair is already
Making a bearish pullback
A move down to retest the
Demand level below
At 0.8090 is likely
SHORT🔥
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Bullish bounce off?NZD/CAD has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.80621
Why we like it:
There is a pullback support level.
Stop loss: 0.80105
Why we like it:
There is a pullback support that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.81665
Why we like it:
There is a pullback resistance that aligns with the 50% Fibonacci retracement.
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NZDCAD - Possible ReversalNZDCAD is showing signs of slowing bearish momentum and is approaching tests of a resistance zone.
It is unlikely to show signs of an aggressive reversal, with possible pullbacks to test/reject support.
A longer term trade.
NZDCAD: Pullback Trade for TodayThe 📈NZDCAD pair formed an inverted head and shoulders pattern on a significant daily horizontal support level.
The violation of its neckline suggests a local advantage for buyers.
Therefore, it is conceivable that the pair could experience an upward movement, potentially reaching the 0.8115 level.
NZDCAD--SHORT--Bearish Bias
--I just published monthly chart seperately also added to this chart as an embedded picture.
--tp and entry levels are as shown on chart
