NZD/CAD PULLBACK PATTERNPrice have formed a pullback pattern on d1 and h4 respecting the demand zone at 0.80370 . Following a breakout and a retest on 4 that gives us a confirmation to go down. TP area at 0.77872Shortby Ink_Artist2
NZDCAD - Bearish ReversalAs per the harmonics, the pair has made a near Bat/ Gartley Pattern. The price is currently in the major support reigon as tested by previous bounces in pairs. The sentiments also call for a long trade. The levels are marked. Let's hope the trade goes as planned!Longby Khizer98Updated 0
NZDCAD making Falling Wedge Pattern on 1H timeframeNZDCAD has been observed to show Bullish divergence on 1H timeframe alongwith a Bullish Reversal pattern (Falling Wedge). Accordingly, Entry through a Buy Stop order has been placed upon: 1. Upward Breakout of Wedge 2. Upward Breakout of H of Wedge. SL and TP have been suitably placed.Longby UsmanFarouk221
NZDCAD BuyNZDCAD Buy Stop Loss: 0.795 Targets: 0.802 0.804 0.806 0.809 0.813 0.818Longby MoneyGangPhone1
NZDCAD BULLISHAt strong OB. Liquidity has been swept. Previous low created ChoCh it has retraced back to the zone that caused ChoCh now we continuing with our initial direction. Longby bapsii2
BUY IDEAHarmonic pattern on the 1.618 + RSI DIVERGENCE PS : never risk more than 2% per trade.Longby ybenhaddada0
NZDCAD ____ INCOMING BEARISH MOVEHello Traders, NZDCAD has been in a long-term decline i.e., the price has been bearish for months and is likely to continue. The weekly and the daily charts have printed bearish structures. Price just traded into the daily order block and is poised to continue the bearish move. Looking at the chart, you would notice the relatively equal lows (sell-side liquidity) that price should hunt. Follow for more updates like this. Cheers, JabariShortby jabariofafricaUpdated 113
FURTHER UPDATE ON NZD/CAD TRADE! FOLLOW FOR MORE! NZD/CAD 30M Update - As you can see price has continued to play out perfectly overnight and has delivered us with further bearishness. This was expected after we had the break in the last low, this confirmed further bearishness for us and as you can see price has provided us with just that. This trade is currently running + 50 pips (+ 6%) 3RR 🚀🚀 I have gone ahead and taken my first partial now on this trade and I have my SL set at my Entry point, I will be looking to trail my SL soon. A big well done to all involved in this market, ensure you are applying good safety measures and taking partials throughout. Any questions drop me a message or comment below!Shortby Lukegforex1
NZDCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80600 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80600 support and resistance zone. Trade safe, Joe.Shortby JoeChampion131315
"Riding the Waves: Catching NZD/CAD's LONG Trend!"NZD/CAD Technical Analysis Entry Price: 0.80339 Take Profit 1 (TP1): 0.80557 Take Profit 2 (TP2): 0.80743 Stop Loss: 0.79948 Risk-Reward Ratio (RRR): 1:1 Analysis: 1. Overall Trend Analysis: To make a well-informed trading decision, it's crucial to assess the overall trend in the NZD/CAD pair. Begin by looking at higher timeframes like the daily and weekly charts to get a broader perspective. 2. Support Levels and Trendlines: You mentioned that the trade is based on support levels and a trendline. Let's assume there's a significant trendline on the daily chart or a lower timeframe that has provided support multiple times in the past. This trendline adds confluence to your trade setup. 3. Entry Point (0.80339): Your entry point at 0.80339 is above the current market price. This suggests that you are looking to enter the trade on a potential bullish move. Make sure to monitor the price action carefully to confirm the bullish momentum before entering. 4. Take Profit Levels (TP1: 0.80557, TP2: 0.80743): Your take profit levels seem reasonable and are set at incremental levels. TP1 at 0.80557 is the first target, and TP2 at 0.80743 is the second target. These levels should be based on significant resistance levels, technical indicators, or prior price action. 5. Stop Loss (0.79948): Your stop loss at 0.79948 is set below your entry point, which is a good practice for risk management. It's essential to stick to your stop loss to limit potential losses. 6. Risk-Reward Ratio (RRR): Your RRR is set at 1:1, which means that you are aiming to make the same amount in profit as you are risking. This is a balanced approach. However, you can consider adjusting your RRR to 2:1 or 3:1 to potentially enhance your risk management. 7. Additional Factors to Consider: Fundamental Analysis: Keep an eye on economic events and news that may impact the NZD and CAD currencies, as they can influence price movements. Market Sentiment: Monitor trader sentiment, which can be gauged through tools like the Commitment of Traders (COT) report or sentiment indicators. Diversification: Avoid over-concentrating your portfolio on a single trade. Diversification can help spread risk. 8. Trade Management: Consider moving your stop loss to break-even or trailing it as the trade progresses to lock in profits. Regularly review your trade and adapt to changing market conditions. Be prepared to exit early if the trade is not moving as expected. In summary, your NZD/CAD trade is based on a combination of technical analysis using support levels and trendlines. It's crucial to keep a close eye on the market, practice proper risk management, and adapt your strategy as needed. Trading always carries risks, so be prepared for various outcomes and consider seeking advice from a financial professional if needed.Longby The_TradingW0LF112
PROFITS FROM NZD/CAD ANALYSIS FOLLOW ME, DO NOT MISS OUTNZD/CAD 30M Update - As you can see price has now gone ahead and broken the last Low set within this new bearish structure which means the high that Low went onto create is now considered protected! With that being said I would be confident in saying we could move SL to Entry and it should be safe from being hit as we have a protected High to stop price trading above and into our Entry. This trade is now running + 32 pips. (+ 4%) 2RR 🚀🚀 With all that being said I am going to personally keep my position open over night and just move my SL to entry, once price achieves 3RR I will look to take a partial. A massive well done to all involved in this market today, if you have any questions regarding the trade or the analysis itself drop me a message or comment below and I will get back to you ASAP! Shortby Lukegforex112
Daily Wave Rider - SELL NZDCADNZDCAD Channel: RED WK Pivot: RED AOB: WP CON: SBB SELL Stop: 0.8022 Stop Loss: 0.8081 TP01: 0.7963 TP02: 0.7845 DWR presents as a sell setup on 11SEP, with Channel and Pivot are red bouncing off weekly pivot. However, trade is not taken/considered as it differs from our Market Analysis Bias. SPX500: Up DXY: Down OIL: Up GOLD: Up Reference to our WK37 analysis, we are anticipating a "Risk-On" sentiments thus will BUY AUD/NZD. Shortby ALoke240
NZDCAD and the way forwardHello friends. Maybe this channel can be imagined for this currency pair. Let's see which path will be taken or the third way will be chosen :) Good luckby HippoTrading9
ABCD Fibo retracementHistoric Support has been tested. 2nd impulsive wave may have started if the price closes above 61,8 Fibo Retrace. Next stop 50% Fibonacci level Longby Memo_Mountain4
I am waiting for this scenarioAfter I did my analysis,the trade will go as following. Follow me and for 20Eur/Month,I will learn you trading for 6 months or less. Thank you and have a good day everyoneShortby dra_sta0
NZDCAD Sell TradeActivated a sell trade for NZDCAD aiming for .80444. Bunch of sellers in the area we are currently. Stay tuned. No stop loss. Low leverage trades. .01 for every $1000 you have in Forex Account.Shortby GlobalHornsUpdated 1
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend. 📉 Price Action (PA) is currently reacting from Resistance @ 0.8075 📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend. ✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950. ⚠️ HIGH RISK OPPORTUNITY SSO @ 0.8050 TP @ 0.7955 BLO @ 0.7950 If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.Longby ProfessorCEWard1
NZDCAD counter trend long setupNZDCAD : Navigating the Bullish Pitchfork NZDCAD seems to be respecting the bullish pitchfork that I've plotted on the chart. It's followed the script by touching the median line and is now making its way back down. The Anticipated Scenario I'm anticipating the price to retrace upwards to the liquidity zone above. The Trade Strategy I'll be watching if the price closes with separation at the lower parallel of the pitchfork. If that separation occurs, I'll enter a buy position, and my goal is to target either the median line of the pitchfork or the liquidity zone above whichever comes first. Disclaimer: Trading isn't just about analysis; it's also about adapting to the ever-evolving market. Keep an eye on the charts, stay updated with market news, and, most importantly, stick to your risk management plan.Longby getmohsin.py114
NZDCAD Trade Update - We're Long!Hello Traders, We're back with an exciting update on our NZDCAD trade! As previously mentioned, we were closely watching this currency pair for a potential bullish opportunity, and we've entered a long position. Let's go over the details. Trade Entry: We initiated a long position in NZDCAD as anticipated when retail traders began selling their positions, signaling a potential reversal. Our entry point aligns with the identified order block level on the H4 chart, where we expected smart money traders to step in and start buying. Current Status: As of now, our trade is live, and we're in the early stages of this anticipated bullish move. The price action has been favorable, showing signs of strength and adhering to our analysis thus far. However, it's crucial to remain vigilant and manage this trade carefully. Risk Management: We cannot stress enough the importance of proper risk management in trading. Ensure you have a well-defined stop-loss in place to protect your capital. Trading can be unpredictable, and while we're confident in the potential of this trade, there are no guarantees. Profit Targets: Our profit targets are based on technical analysis, market conditions, and our belief in the potential for NZDCAD to continue its upward momentum. These targets will depend on your individual trading strategy and risk tolerance. Monitoring the Trade: We will be closely monitoring this trade and providing updates as the market evolves. It's essential to stay informed and adapt your strategy as needed to respond to changing conditions. Final Thoughts: Trading can be both thrilling and challenging, and this NZDCAD trade is no exception. We're excited about the possibilities that this setup presents, but we also remain cautious and disciplined in our approach. Remember, every trader is unique, and there is no one-size-fits-all strategy. Do your research, stick to your trading plan, and never risk more than you can afford to lose. We appreciate your continued support and trust in our analysis. Let's see where this NZDCAD trade takes us, and we'll keep you updated every step of the way. Happy trading!Longby miwealthfxUpdated 228
Technical view NZDCADDay trading Confluences: 1-Breaking trendline and waiting for re-test to confirm the entry. 2-Price was moving below the EMA 50 and EMA 200. 3-Price was moving in liquidity area.by walidmaksoud83Updated 6
nzdcad short Hi this downtrend and bearish broke i thinks its go down move so sellShortby mustafamuhamad0