NZD-CAD finally broke the Long-term falling resistance Line and the breakout is Confirmed so we are Bullish biased and I think The the pair will go higher Mid-term !
Hey everyone! Yet another trade idea for the challenge! In this one we have some positive feelings for the NZDCAD! 📈 When inspecting the H4 chart we immediately see how the market rejected almost instantly the support area, to then fail to create new lows and printing a strong bullish presence around the 22nd. I've been monitoring a potential long for a few days...
1-Prezzo sotto la media mobile 200- siamo contro trend quindi RR 1 2-Heiken Ashi candela verde corpo pieno 3-Rsi superato a rialzo sopra 30 4-Macd intreccio a rialzo SLoss minimo precedente Tprofit Area Resistenza 0.8128 Spostare Sl in pareggio a 0.8115 e chiudere metà posizione!!
As you can see, everything is highlighted, price is bullish in both weekly and daily time frame, in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
after breaking the trendline it will just go for high chances
As per Price Action at this level there Is a short opportunity on NZDCAD.
Market Structure Bearish on HTF Weekly Rejection at AOI Weekly and Daily Around same AOI Around Psychological Level Daily Rejection at AOI Strong Bearish Momentum H4 EMA Retest Rejection on H4 Time Frame Strong Level of Support Turned Resistance REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
HERE we can see that price formed consolidation after that took a break out to support balanced the liquidity at higher tm frames price created a double bottom pattern now price has to fill the liquidity at up resistance zone a small lone entry as shown in the picture follow for more live updates...
A price action below 0.8095 supports a bearish trend direction. Increase short exposure for a break below 0.8075. The target price is set at 0.7985. The stop-loss price is set at 0.8185 (its 200-day simple moving average). An incomplete falling wedge patterns seems to be developing.
We can attempt to short NZDCAD from specified level as LH , 0.5 FIB , trendline resistance , EMA 100 occur. SL , TP mention in chart
Entry: from the bullish zone. Stop Loss: below the bullish zone. TP: TP1 and TP2 Don't Forget to practice proper risk management.
The NZDCAD pair persists in a bearish trajectory, characterized by successive lower highs and lower lows, indicating a likelihood of continued downward movement.
Waiting to see if it can pus up to the supply zone and bearish FVG for a rejection from the trend line and continue sells down to the demand.
Waiting for a break and retest of 0.81072 to short NZDCAD back to 4H swing low at 0.80510 If you agree drop a like and if you have any questions leave a comment :)
Hello,Traders! NZD-CAD went down but Will soon hit a rising support Line so a bullish rebound is To be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Higher time frame clearly bearish but we can profit for a bullish correction after swing from the place i put the arrow swing sell good luck
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...