Nzdcad short trade ideaPossible NZDCAD trade scenario
Enter with confirmation on ltf
Manage risk if Taken Direct entry on THESE zone
1:2-3 Rr
Indicator based SMC approach
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NZDCAD trade ideas
NZDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
POTENTIAL LONG OPPORTUNITY NZDCAD Hey guys hope you are all having a wonderful and blessed weekend so far! Just wanted to come on here and make a post for a potential setup I see for the week ahead on NZDCAD! Not going to go super in-depth but will give a general breakdown of why I am looking at this pair to potentially trade. Lets dive in!
OK so starting on the weekly timeframe price seems to be getting some buyer interest around the lows of 0.81000 area of demand...ending the last week of data with a strong buyer engulfing candle. On the daily timeframe you can see price attempted to push lower on the daily to break the 0.80700 lows but failed and the buyer actually ended up buying up prices forming a HL in price with strong momentum=interest. SO this really caught my eye.
So what I am expecting here is at least potentially another push to the upside from 4H demand levels into the daily supply zone around 0.82800 that I have marked off.
The key is going to watch to see how sellers react on the pullback (if we get one) and potential to swing this to the upside. We also do have some fib alignment and 4H EMA alignment with demand as well which adds some technical confluence to our zone and setup also.
Hope you guys got some value in this please boost and follow my page for more high accurate analysis and setups! Cheers!
NZDCAD - DOUBLE BOTTOM 🚀Hello Traders !
The NZDCAD Price Formed a Double Bottom Pattern.
The Neckline is Broken !
So, I Predict a Bullish Move 📈.
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TARGET: 0.83200🎯
NZDCAD Short Trade Setup A #short trade opportunity recently presented itself on the #kiwiloonie (#NZDCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.82514 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.81000 psychological level and possibly testing the strength of the 0.80946 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
NZDCAD Short Market Structure Bearish on Multiply Time Frames
Daily Broke Structure on Friday to the downside
My Entry is potentially at the Daily AOi
There is Weekly Rejection at this level
Daily Rejection at this Level
Daily Bearish Engulfing
Previous Daily Structure point
Around Psych Level 0.82500
H4 Candlestick Rejection
Rejection from Previous structure
SOS 1:4.04
Entry Signal 85%
Waiting to see the open for this week, How the price will behave on Monday and then react accordingly
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 - Potential buy idea ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I wait price to continue the retracement to fill that huge imbalance lower and then to reject from trendline + FIBO 0.618 level.
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NZDCAD Lately on NZDCAD price has retested the daily fair value gap and also closed below it, indicating a sell wave on top on that price has just taken out the previous monthly high now heading for the previous monthly low.
NZDCAD | Short H4 | Market Exec | Pure Retracement PlayTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 0.8210 - 0.8230
SL @ 0.8244
TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8151
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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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 Possible Short PositionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
4H - Re-Entry
1H- 50 EMA Rejection + Extreme Sell
15m- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
NZD-CAD Bearish Bias! Sell!
Hello,Traders!
NZD-CAD hit a horizontal
Resistance of 0.826 and
Made a nice pullback so
We are locally bearish biased
And we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
Long opportunity after volatility spike downAfter a volatile spike down on news, pricing has taken out low support and I expect prices to rise up to the upper order pool.
NZDCAD: Intraday Bearish Confirmation?! 🇳🇿🇨🇦
NZDCAD may retrace from a key daily horizontal resistance:
The price formed a rising wedge pattern on an hourly time frame
and violated its support line after the text of the underlined structure.
I expect a pullback to 0.8212
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DeGRAM | NZDCAD structure based tradeNZDCAD is decelerating after completing the bearish harmonic pattern.
The market overall is consolidating, bouncing from resistance and support levels. There was a big drop from this resistance level.
We expect a sell-off from the resistance level since the market is decelerating and losing momentum.
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✅NZD_CAD TIME TO SELL|SHORT🔥
✅NZD_CAD is going up to retest a horizontal resistance around 0.8257
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 0.8225
SHORT🔥
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NZDCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83000 support and resistance area.
NZDCADGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
May -2 so far
JAN (6R)
FEB (1R)
March (-7)
April(-1)
NZDCAD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher.
What's next?
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
At present, NZDCAD is undergoing a correction phase, trading within the short-term rising channel in blue, and it is currently approaching the upper bound of the channel.
Moreover, it is retesting a strong resistance zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green resistance and upper trendlines.
📚 As per my trading style:
As #NZDCAD is hovering around the 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 Short From Resistance!NZD-CAD has reached a
Horizontal resistance level
Of 0.8247 and the pair is
Locally overbought so
I will be expecting a
Local bearish correction !
LOOKING FOR LONGS ON NZD/CADNZD/CAD 1D - This is another market I am looking to take long, I want to see price come back down, correct itself so we can look to get involved with a refined entry.
I was going to place longs now but I understand that our RR would not be so good and our position would not be very refined, this is why I am choosing to wait for price to correct itself taking us lower in order for us to get in, at a better price.
Once price trades down we are wanting to see the Demand Zone I have marked out to be cleared, for Demand to be introduced and this way we can look to get involved in the next big wave to the upside.
We have had multiple penetrations of demand Zones and price has respected all of them giving us the bullishness we want to see. Its important we are patient now and wait for price to play out.
