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NZDCAD

NZDCAD - Do We Have A Bullish Breakout Pattern Setting Up?Analysis: Bullish Confluences Recent change into a bullish trend (HH formed) Retest of a key level Falling wedge pattern 3K short position decrease for the NZD 4K short position increase for the CAD Bearish Confluences NZD is the 5th strongest major currency whereas the CAD is the 4th strongest major currency 9K long position increase for the CAD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
18
NZDCAD ____ TRADE IDEA FOR DAY TRADERSHello Day Traders, I come bearing bearish fruits. This trade is simply a continuation of the bearish trend. Looking at the daily chart, you will notice that the price structure in the past couple of days is bearish. Also, there was a price manipulation to the bullish side yesterday. This is very visible by just looking at how yesterday's candle closed. My speculation is that price would retrace into one of these order blocks and confirmation for the bearish continuation would be seen on lower timeframes. Which one of the order blocks would hold? well, I don't know but we shall see. I would like to also state that price might just continue selling to the target price without giving a retracement to any of the order blocks. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
NZD/CAD Bullish setup 3 entries point!On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of Control (POC). On the short side, we have a FVG, which is a high-reaction zone containing a lot of market liquidity. On the 15-minute timeframe, the timeframe I'll be observing for confirmations and to set up my trade if I decide to enter. Let me know your thoughts. Happy trading to all!
Long
by Forex48_TradingAcademy
1
NZD/CAD Sellers In Panic! BUY! My dear subscribers , NZD/CAD looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 0.81525 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.82132 Recommended Stop Loss - 0.81208 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
How To Lose Small When Trading BigLosing trades aren't always bad. It's when you don't manage the trade before you lose that can make losing trades bad. Let me walk you through 4 positions that I stacked week and show you how I avoided losing thousands of dollars and kept the loss to under 1%. Firstly, it's important to understand that I am a swing trader which means I observe a variety of higher timeframes. Secondly, I use my own strategy called TMP. It's based around every pullback within the trend cycles so I can trade the continuation of the trend. Thirdly, This analysis was mostly done on the weekly, daily, 4 hour, and 2 hour timeframe. Lastly, I aim for more than 2:1 reward to risk trades and for these trades I was sure to keep my losses below $500 a trade. Trade 1 s3.tradingview.com This trade was based on the weekly timeframe. The reward to risk was around 4.50 and I knew I'd be in this trade long term. Probably around a month or so, maybe longer. I risked 0.50% in the trade because I needed to build the analysis and I knew I wanted to stack more trades in case price went my way which you will see me begin to build in the new few trades. Trade 2 s3.tradingview.com This trade was based on the 4 hour timeframe. Price made a new higher high on the 4 hour. I set a pending order so when price pulled back it would trigger me into the trade. This trade was a 8:1 reward to risk ratio. I risked 0.50% on this trade. Price began to go my way. I felt good about the trade. Trade 3- Trailing the stop begins s3.tradingview.com Price made a new higher high. I had to drop down to the 2 hour timeframe to get a good view of this trade. My feelings on this trade was neutral. I reminded my self that no matter what I'd follow my rules. So I set another pending order and went about my day. The Reward to risk on this trade was a 16:1. I risked 0.25% on this trade. Now at this time I'm sitting at 1.25% of risk in 3 trades. This was when I decided to move my stop loss on both trades underneath the third trades higher low. I had just a little risk left on both of these trades but nothing heart stopping. I was stoped out of the third position for a for around -0.27%. But my first two trades continued to run. Trade 4- The last stand s3.tradingview.com Then price went my way. I realized I wanted to be long again and the entry sat right where I'd just entered my precious losing trade. The reward to risk was 19:1. Whew! This was the opportunity of opportunities for me this week and I couldn't avoid entering. So I set another pending order to buy. It triggered and a few hours later, I lost the trade. and my other trades were taken out as well. I lost a total of $761. This was only 0.76% loss in my account because of how I managed my trades as price went up in profit. Had I kept my trades at the same risk(1%) and never moved my stop loss I could have lost $4000 this week. The key to losing small is to build out your positions each time price makes a new high or low depending on the direction of the trade. I built 4 positions and I have to say I would do it again. The potential for big rewards to risk got me, and I knew risk 1% on each trade would have meant I'd lose my funded account due to their drawdown rules. I cannot lose 3% in one day. Thats very manageable when you decrease your risk per trade. Thats what had to be done. If you don't think you can pass a challenge by decreasing you risk, your rewards aren't big enough. If you learn anything from the trades I entered this week, the previous statement above is how can lose small while trading big. Do I still believe NZDCAD can go up? Yes! As long as price stays above the weekly higher low. I'll build out this scenario again. Well, I really do pray you enjoyed this recap from my trading this week. I had no other trades on my other currency pair so it was a smooth trading week. Be sure to like this article if you enjoyed it and found it intriguing. If you have any questions do ask them below. Much love and blessing❤️ Shaquan
Long
by ShaquanLopez
2