Textbook Forex Swing Setups, Do Them Like This!Many factors contribute to long thinking at this current level.
These form the basis for increased probability, based on price action.
NZDCAD trade ideas
NZDCAD Massive Short! SELL!
My dear friends,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8275 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8225
Recommended Stop Loss - 0.8305
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
28-11 NZDCAD28-11 NZDCAD it looks like 0.812 is the bottom of this pair. The trend is changing so a long position can be considered. The following signals we have studied: Cot Data -2, Retail sentiment -1, Seasonality 1, Trend reading -2, GDP 2, Manufacturing PMI -2, Services PMI 0, Retail Sales 1, Inflation -1, Employment Change -2, Unemployment Rate -1, Interest Rates 2. We have set a range starting at 0.827.
Bullish bounce?NZD/CAD is currently reacting off the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.82610
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.81894
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.83265
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
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NZDCAD: Short Signal with Entry/SL/TP
NZDCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDCAD
Entry - 0.8293
Stop - 0.8327
Take - 0.8230
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCAD Trade IdeaThe NZDCAD has broken structure bullish on the four hour timeframe. We are looking to buy, targeting previous highs as shown on the chart. This trade idea is not intended as financial advice, please do your own due diligence.
NZDCADwe are the bottom of the chanel. i expect price to go UP to uper band of chanel. wait for trend line brake.
NZDCADwe are the bottom of the chanel. i expect price to go UP to uper band of chanel. wait for trend line brake.
Sell NZDCAD
OANDA:NZDCAD Trade Idea: Bearish Bias**
Summary:
This setup suggests a bearish outlook for NZDCAD based on a combination of seasonal trends, exogenous factors, and technical patterns.
Key Points:
- Seasonality: NZD shows bullish seasonality from Nov 25 to Dec 11, but CAD's neutrality and stronger exogenous factors provide a bearish edge for NZDCAD.
- Commitment of Traders (COT): Both NZD and CAD are at their bottoms, with non-commercial positions favoring selling pressure on both currencies.
- Exogenous Factors:
- **Balance of Payments (BOP):** NZD has a negative trend, while CAD is positive.
- **Stock Trends:** NZD displays a negative trend, whereas CAD remains positive.
- **Interest Rates (IR):** Declining interest rates negatively impact both currencies, but NZD fares slightly better than CAD.
**Conditional Scoring:**
- **Positive Factors:** NZD: 9, CAD: 11.
- **Negative Factors:** Both currencies at 4.
**Technical Patterns:**
1. **Bearish Channel** observed on the 4-hour timeframe.
2. **Head & Shoulders Formation** indicating potential downward momentum.
**Trade Bias:**
Sell NZDCAD, as exogenous factors favor CAD despite NZD's seasonal strength.
**Risk Disclaimer:** Ensure proper risk management while entering this trade.
BUY NZDCADBuying NZDCAD here at this support at 0.89140 towards 0.82888. This market has had a busy day. Price quickly rallied in the early hours of the day and retraced back to the previous day high. With the head and shoulder pattern displayed, I see price hiking from here.
NZDCAD short updatePrice bounced perfectly off the supply and now price is heading down towards the equal low. Sadly I woke up about a half hour after entry signal so I couldn’t take it but there will always be another trade.
Buy nzdcadRemember our first idea already in 100 pips profit now
Just wait to break this inner week trend then enter another buy trade
Heading into overlap resistance?NZD/CAD is rising towards the pivot which is an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.82671
1st Support: 0.81518
1st Resistance: 0.83184
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD shortsThere could be a potential short from the supply zone above. The trump tariff news caused price to accelerate closer to the zone so if price taps the zone I’ll be watching for a Ltf CHOCH to get an entry
Bullish Reversal OpportunityAnalysis:
The daily demand zone is acting as a base in this emerging bullish market, as price failed to break below. We have two broken structures, followed by a sell-side liquidity sweep that cleared the swing high, providing displacement.
Trade Idea:
- Entry: Buy at the demand zone around 0.81500
- Stop Loss: Below the demand zone around 0.81300
- Target: 0.82300, based on the broken structures and liquidity sweep
- Risk Management: Position sizing and stop-loss levels should be adjusted according to individual risk tolerance
NZD-CAD Swing Bearish Bias! Sell!
Hello,Traders!
NZD-CAD is making a
Bullish correction from the
Low but the pair is trading
In the downtrend so after
It hits the horizontal resistance
Of 0.8200 we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
NZDCAD 25 Nov. 2024Hello my dear friends
Qiwi Loonie Broke previous down trend and is close to demand zone !
so , always keep in mind , buy low , sell high !
and ofcourse we wanna buy low at demand zone to make the most profit out of market
How To Use Bullish Price Action For Higher Probability\SuccessThe key longside swing setup that one can observe on NZDCAD has all the components of a better probability longside entry, from both a Tech and Fundamental perspective.
Here's another price factor to add - Entry confirmation.
NZDCADNZDCAD is just entring into bullish trend
Printing HH and HL .
Bullish divergence also form before.
strong bullish trend continue.
we buy at CMP.
NZDCAD - Bullish Trend ReversalFollowing are the points for reversal of trend to Bullish:
RSI Divergence
Break of Trendline
NZDCAD Short Setup Double Top Formation
At Neckline now
Risk Reward 1:1
Short Setup
TP and SL marked
Nzdcad buyHere a big opportunity to hunt this pair
Weekly and daily oversold pair
Wait to test again our zone then enter after a confirmation
