21-06-2022 _ Short Term Bullish Idea _ NZDCAD H4 1- Bullish Divergence followed by Convergence presents a typical case of consolidation / pullback and further continuation UP. 2- The price action retraced to a strong support zone and is bouncing up with the formation of Hidden Divergence which is indicative of a move UP. Therefore, as long as the support zones...
Idea is based on consecutive Lower Highs and Lower Lows.
After a brief upside manipulation, the pair has finally chosen its path. A break and retest of the LTF M pattern neckline is indicative of bearish momentum. Pls Like and Subscribe.
H4 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.
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Hey traders, in this week we are monitoring NZDCAD for a selling opportunity around 0.83 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
I am looking to go short on NZD/CAD if price can go up into this area in the new york session & show bearish confirmation. I will not be going into the technical reasons for this trade opportunity.
Weekly: - We are currently trading around a weekly buying region nonetheless Bulls are not aggressively taking over like they did in the past - I expect a liquidity grab below previous low Daily: - Big Bearish W - Daily Indicational candle 4h: - Head and Shoulders
Here we had a manipulation on buy side liquidity and then price broke the market structure, I expect the price to go a little bit higher to open a short from the imbalance.
- Generally, the price has been on a downtrend at higher timeframes. The move to the upside is just a retracement which is now over. - The price retraced and touched the Optimal Trade Entry (OTE) level on the fibs as it retested the breaker and at the same time it took out the previous equal highs. Doing so in a supply zone gives me more assurance to pull the...
Price has finally retracted back at is at a bargain to short now. We have 2 long red bars with little tails meaning buyers are not interested. I am expecting price to drop from this level.
Price currently falling from a moving average cross of the 50 and 8 period ma. Plenty of space for it to fall. Cad currency is currently the strongest at this moment.
BEFORE OPENING YOUR TRADE: - Remember risk management 1-3% of your capital - Take profit of your position partially - Don't open too many orders at the same time - Be patient - Don't be so greedy - Waiting for a candle close and execute your plan. - DON’T FOLLOW BLINDLY - ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE! YOUR TRADE YOUR DECISION!
We can see a Double top, if price breaks the threshold, we can go short and keep an open mind looking out for zones and how price reacts to them.
NZDCAD Has Grabed the BUY SIDE Liquidity And then Printed A Strong Bearish Engulfing , Which means The Market is Ready To Fall . Also the Overall Trend is Down....
Pair Name : NZD/CAD Time Frame : 4hrs / Daily / weekly Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map ------ ❗️The purpose of this analysis is to spread knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ➕ Key...