🌟SELL NZDCAD and get +180 pips profit🎁🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨
💥Considering that the price has been able to break its up trend line🖤, if the price can reach the meeting point of the SUPPLY zone and the up trend line🖤 (pullback), it can fall to the DEMAND zone🔻
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
________📈TRADER STREET📉_________
NZDCAD
20 REASON FOR SHORT NZDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
1 🧐Eagle eye: in 2016, a fake out occurred effect till Date so by this effect, the price made the last 7 years back to back Low, and this year's Low is extreme
2 👌Monthly: Trend is clear Down after filled last move target. Now price is in a corrective phase and tapped the most important FVG resistance level. In my point of view Corrective move is finished now, and another strong impulse move is beginning
3 👌Weekly: also in a bear trend and a solid corrective move induced previous high stack all liquidity and took all previous stop-loss also halt on monthly FVG resistance
4 👌Daily: daily corrective move successfully achieved the target and took a break on monthly and weekly resistance, so we saw a healthy retracement at this level
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: long wicks at resistance CIP this level double top
7: 3 Volume: below average right now, a vital reversal sign
8: 4 Momentum UNCONVENTIONAL Rsi: extreme high complete overbought levels
9: 5 Volatility measure Bollinger bands: longest walking on the band highly overbought
10: 6 Strength ADX: divergence at ADX
11: 7 Sentiment ROC: NZD is too much weaker than the CAD
✔️ Entry Time Frame: H4
12: 1 Entry TF Structure: higher low Not confirm YEt
13: 2 entry move: impulse
14: 3 Support resistance base: Monthly Resistance daily resistance H4 Resistance Confluence
15: 4 FIB: trigger event Occurred
☑️ final comments: small sell 1st as a test entry Then add at 3rd low increase your position size
16: 1 decision: sell a test and small size
17: 2 Entry: 0.8345
18: 3 Stop lose: 0.8390
19: 4 Take profit: 0.8065
20:5 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 10 Days
InvestMate|NZD/CAD Nearest resistance zone🍁🍁NZD/CAD Nearest resistance zone.
🍁In the current analysis I decided to try to find where the current upward impulse which started with the breakout of the bottom on 10 October, followed by a huge upward wave until now, might end.
🍁 To define a possible good place for a correction, I decided to use the external fibo measure which I led from the current peak to the low we made today.
🍁The nearest possible level is around the price level of 0.8397 where the external fibo measure of 1.272 is located.
🍁It is worth noting that we have again moved out of the uptrend channel, breaking out of it at the upside.
🍁The support zone I decided to determine based on the 0.236 level and you can also see that it was previously very respected.
🍁The scenario I am playing out is to squeeze the price to the resistance level on a wave of optimism. But I am aware of the possibility of a correction at any time, this should be taken into account for this pair, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🍁*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDCAD Will Move Lower! Short!
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
Like and subscribe and comment my ideas if you enjoy them!
NZDCAD || GOING LONG || W7LONG-TERM BULLISH TRADE
Time Frame : 4H
1. DOW Theory >>> UPTREND
2. UPWARD TRENDLINE
3. AB=CD
4. HL @ 0.236 of fab retracement
TRADE PLAN >>>
Placing Buy Stop Order above the S&R Level
SL will be just below last HL
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck 💪
Always Remember!
All strategies are GOOD if managed Properly
Trend is your FRIEND
Too much analysis leads to paralysis
NZDCAD Targeting A Test of .8400Technical & Trade View
NZDCAD
Trade View
Bias: Bullish Above Bearish below .8190
Technicals
Primary support is .8190
Primary upside objective .8400 Weekly Trendline
Next pattern confirmation, acceptance above .8285
Failure below .8180 opens a test of .8100
20 Day VWAP bullish, 5 Day VWAP bullish
Institutional Insights
Analysts at Credit Agricole note ‘The RBNZ’s aggressive tightening cycle will see NZ lead the rest of the G10 into an economic slowdown, and falling dairy prices on the back of a weak China economy are seeing the NZD underperform. The re-opening of the international border will be a positive for the coming 3M. Soft economic landings locally and internationally will improve the NZD’s prospects over the coming 6-12M’
AUDNZD I Here's what to expect next week!
Welcome back! Let me know your thoughts in the comments!
**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDCAD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDCAD is overall bearish from a long-term perspective trading inside the brown falling broadening wedge pattern, and it is currently retesting the upper brown trendline.
Moreover, the zone 0.827 - 0.835 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since NZDCAD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD Reverse Cup and Handle - Cautiously bullishReverse Cup and Handle which is a rare and premature formation has formed on daily.
7 >21 Price >200MA
Bullish
CONCERNS:
As we don't fully have a breakout yet, the price could retest a low forming an Inverse Head and Shoulders. But we'll have to wait for tomorrow.
Target 0.8719