NZDCAD longNZD starting a longterm corrective move for longs. So far seems like a X wave. It's currently consolidating on the daily for more upside
NZDCAD trade ideas
NZDCAD SHORTSPrice broke Daily Structure making majority of my timeframes bearish, Hence bias
Market structure bearish DH
Entry at Weekly and Daily AOi
Weekly Rejection candles at the AOi
Strong Weekly bearish close
Daily Rejection at AOi
Previous Daily structure point
around Psychological Level 0.84000
H4 Touching EMA
Candlestick rejection
Rejection from Previous structure
Levels 4.48
Entry 100%
There is a strong possibility price will not retrace to my AOi, I Will monitor and react accordingly but as usual;
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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NZDCAD 240 - Falling Wedge Emerging : 2 days agoFalling Wedge identified at 6/22 03:00. This pattern is
still in the process of forming. Possible bearish price
movement towards the support 0.8363 within the next 17 hours.
Expiry Date/Time: 6/24 07:22
NZD/CAD : 4h - SHORT TradeNZD/CAD is right now showing Bearish trend. There is no RSI bullish divergence as yet. Therefore, this trend is likely to continue at least till it reaches Fib 0.382 Level. During the day it may swing up and down but eventually will go downwards.
Also note that market's Commercial buyer are LONG for the future trades (refer barchart.com ) which implies that trend is expected to go Bullish in a week or two. For those of you (my readers) who do not want to wait for a week can follow this SHORT trade. Afterwards once trend reversal is confirmed then LONG trade will be taken which will continue for a month or so.
My trade values are depicted on the price chart.
Heading into overlap resistance, could it reverse?NZD/CAD is rising towards the pivot and could potentially reverse from this level to the 1st support.
Pivot: 0.83992
1st Support: 0.83442
1st Resistance: 0.84341
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NZDCAD is BearishPrice was in an uptrend, however a bearish divergence appeared on four hourly time frame, which led to the break of previous higher low and the formation of a lower low. If the bears remain in control like this, further downside in price action is expected. Targets are mentioned on the chart.
NZDCAD: Policy Divergence Favoring the KiwiHello Traders,
In today's trading session, we are keeping a close watch on NZDCAD for a promising buying opportunity around the 0.83900 level. After experiencing a prolonged downtrend, NZDCAD has successfully broken out and is currently in a correction phase. This correction is bringing the pair closer to a critical support and resistance zone at 0.83900, making it a prime area for potential buy entries.
The ongoing policy divergence between the Reserve Bank of New Zealand (RBNZ) and the Bank of Canada (BoC) adds an extra layer of favorability for the NZD over the CAD. The RBNZ's more accommodative stance compared to the BoC's policies provides a supportive backdrop for the NZD, further bolstering the case for a buying opportunity at this level.
Trade safely,
Joe
NZDCADWe can attempt to buy NZDCAD from specified level as it make HL , 0.5 FIB intact , also there is no bearish divergence indicate that it moves upward.
SL , TP mention in chart.
Trade idea - NZDCAD Long4H
4H Inverse Head & Shoulders pattern aligning perfectly with the Daily one.
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Buy limit set.
1% risk.
NZD/CAD- SHORT Trade Call - D- Bearish Butterfly Harmonic PatterNZD/CAD SHORT Trade Call :
On Daily Time Frame, Bearish Trend is establishing after following Harmonic Bearish Butterfly Reversal Pattern.
Take SHORT Trade and set TP as per Support Zone 1 and Support Zone 2.
If one wants to go by Fib Retracement, then Fib 0.382 and Fib 0.618 should be TPs.
Stop Loss should be 0.85308.
NZDCAD BUY-STOP LIMIT ORDER!!!!!!!!!NZDCAD have been forming a falling wedge and am expecting a breakouts and retest above 0.84195 which is also my buystop order am going in buy full from the breakouts
JOIN AND ENJOY
Tell us your views...............?
NZDCAD: Bulls Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCAD pair which is likely to be pushed up by the bulls so we will buy!
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NZDCADLast time we follow the price perfectly.
So, let´s play again.
This asset is bullish in the medium term, so we need to look fo buy options.
Here you have 2 areas to look for long set up.
blessings.
thks.
NZDCAD WILL BE BULLISH NZDCAD is following the trendline on 2H time frame also printing bullish divergence
NZDCAD EVERYDAY TRADE SETUP 4HHello traders ,
This my idea for Short. NZDCAD collect BUY side liquidity. NOW market ready for short .
this is my ideas only. what you are flow your trading statistics you can continue.
If you need more my ideas follow me.
NZDCAD Will Go Higher! Long!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.842.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.846 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Market Overview Part 12 Me Going Over My Full Strategy In Deep Detail Just like The Other 11 Videos LOL
NZDCADLooking to enter on this trade soon depending if certain confluences line up but so far there are good confluences showing itself like all three timeframes in sync , at well respected zone and the fact that on the 1hour price switched structure into bullish. Just a quick analysis let's see what happens and if price give me the green light to enter
NZD_CAD POTENTIAL LONG|
✅NZD_CAD retested the
Horizontal support of 0.8400
And the pair is already making
A bullish rebound so I will be
Expecting a further move up
LONG🚀
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NZD/CAD: Capitalizing on RBNZ Stability and BoC DovishnessHello Traders,
In the coming week, we are closely monitoring NZD/CAD for a potential buying opportunity around the 0.84090 zone. NZD/CAD is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 0.84090. This level has historically served as a significant pivot point for price action, making it an attractive entry point for long positions.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) is maintaining a steady stance and is not looking to cut rates anytime soon. In contrast, the Bank of Canada (BoC) seems to be on pace to cut rates, given the easing inflationary pressures in Canada. This divergence in monetary policy favors the NZD over the CAD, adding strength to our bullish outlook on NZD/CAD.
Additionally, the overall bullish sentiment in the stock market could further benefit NZD/CAD due to the positive correlation between risk-on environments and NZD strength. This confluence of technical and fundamental factors makes the 0.84090 zone a strategic area to look for buying opportunities in NZD/CAD.
Trade safely,
Joe
NZDCAD Will Go Higher! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.841.
The above observations make me that the market will inevitably achieve 0.846 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
NZDCAD LONGMarket Structure is Bullish on HTFs DW
Weekly and Daily at the same AOi
Weekly rejection from AOi
Daily Rejection At AOi
Entry at Daily HL point
Around Psychological Level 0.84000
H4 Candlestick rejection
Levels 3.83
Entry 75%
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
#Follow#Share#Comment#Boost
