CADNZD trade ideas
[TRAIDNG SHOW]24.05.07 FX:NZDCAD HOW TO BUY
As shown in the picture,we determine the current daily chart is a bullish.How to buy?
As the SMC concept,we must wait.Now is not a good position to enter a trade, we need to wait.
The optimal is Pullback,lets get a good long position.
The second choice is reach a higher high,and we get a new pullback step.
Be remember Risk Reward is first principle
Good Luck Folks
Potential bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.81706
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.81212
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.82427
Why we like it:
There is a pullback resistance level.
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NZDCADWe can attempt to short NZDCAD from specified level as it make double top pattern (Reversal pattern) , also there is bearish divergence indicate that it move downward.
SL , TP mention in chart.
NZDCAD - AB=CD PatternNZDCAD has been trading in a strong Bullish Trend. After a short period of retracement at the 0.81720 price level, the Bullish run has continued.
Following the strong Bullish run, the price action has formed an AB=CD pattern, following which strong divergence has been observed on the RSI on the 1 hour timeframe and a Double Top pattern has emerged, hinting a strong reversal into a Bearish trend, if the price breaks the 0.82001 level.
Trade Plan: Short
Entry: 0.81975
SL: 0.82452
TP1: 0.81500
TP2: 0.81020
CADNZD - Potential Bullish Reversal CADNZD is showing signs of a potential bullish reversal based on the formation of a Bullish Bat Harmonic Pattern (XABCD) with Point D coinciding with a Potential Reversal Zone (PRZ). This zone is further supported by key factors including a significant support area, a 4-hour trend line, and a bullish divergence on the RSI indicator.
Bullish Bat Harmonic Pattern:
The Bullish Bat Harmonic Pattern (XABCD) is a technical pattern indicating a potential reversal in the price trend. In this case, the completion point (Point D) aligns with other technical factors, increasing the probability of a bullish reversal.
Potential Reversal Zone (PRZ):
Point D serves as the Potential Reversal Zone (PRZ) where traders anticipate a shift in market direction. This zone is reinforced by the convergence of multiple technical indicators, strengthening the bullish bias.
Key Support Area and Trend Line:
The presence of a key support area and a 4-hour trend line further validates the potential reversal at Point D. These levels act as additional support for the bullish outlook, suggesting a favorable risk-reward scenario for long positions.
Bullish Divergence on RSI:
The bullish divergence on the RSI indicator provides further confirmation of the impending bullish reversal. This divergence indicates that despite downward price movement, the momentum is shifting in favor of the bulls, supporting the bullish scenario.
Trade Setup:
Entry: 1.2170
Stop Loss: 1.2110
Take Profit Levels:
TP-1: 1.2230
TP-2: 1.2287
TP-3: 1.2340
Conclusion:
Based on the analysis, a bullish bias is suggested for CADNZD, with a potential entry at 1.2170 targeting the specified take profit levels. Traders should closely monitor price action at Point D and manage risk accordingly.
2024-05-05 NZDCAD - GartleyNZDCAD chart is showing bullish trend using gartley harmoic pattern
EP: 0.82532
SL: 0.80647
TP1: 0.84420
TP2: 0.86300
NZDCAD Reversal NZDCAD is displaying a double top pattern with a Bearish Divergence.
Short at the break of the LH
NZDCAD SHORT
Daily:
- Hedge position
- Solid candle close
- Fib completion -68
- Strong S&D zone
Weekly:
- Strong S&D zone
- Overal trend with us
4H:
- Deceleration
*Possible P&P on 1H
NZDCAD A SHARP BEARISH SHARK LIKE MOVE The pair NZDCAD is expected to make a sharp bearish move depending upon the fundamentals and technicals as indicated and explained on the chart.
NZDCAD | MT Long H4 | Milk Economy Over Oil Economy? 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 is also a supply zone.
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Entry @ Area of Interest 0.8070 - 0.8100
SL @ 0.8021
TP 1 @ 0.8155 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8223
Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level)
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
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________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd EntryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around
- Aiming for the next Consolidation Zone of Price Actions
Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.
Suggested Trade:
Buy Limit @ 0.8098
SL @ 0.8051
TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8213
Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
LONG TRADE IDEA ON NZDCADCP Pattern: price showing a strong bullish momentum on the 1hr time frame. looking to catch a short term long trade at the mitigation of the 1hr continuation pattern.
NZD-CAD Will Fall! Sell!
Hello,Traders!
NZD-CAD is moving up
Now but the pair is
Locally overbought so
After it hits a horizontal
Resistance of 0.8255
A local bearish correction
Is to be expected
Sell!
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Check out other forecasts below too!
✅NZD_CAD MOVE DOWN AHEAD|SHORT🔥
✅NZD_CAD is going up to retest a horizontal resistance of 0.8251
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 0.8219
SHORT🔥
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NZDCAD SHORTMarket 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
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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NZDCAD sell alert 💰💰 now ❗❗Due to the high purchase made my RSI indicates a bearish trend loading up
Sell now and made some profits
NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8170
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8149
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCAD: Bullish ContinuationNZDCAD printed a Bullish Cup and Handle pattern with no signs of divergence on the RSI.
Entry is suggested on 38.2% retracement level with Stop Loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2.
NZDCAD BEARISH FLAGNZDCAD confirmed a bearish breakout on the flag formed which is now expected to retrace or retest back towards the bottom level of support. Here we witness a nice retracement which likely to accumulate more selling pressure for a bearish trend.
