NZDCAD Short ideaPrice has made a new low so im looking for and entry on a lower high between the .50 .618 fib which would also form a nice head and shoulder entry for a short
NZDCAD trade ideas
NZDCAD IS REVERSING THE TREND Technically:
NZDCAD is printing Bullish Divergence
NZDCAD is just broke the last Lower Low which is conformition of trend change
ZXY is Bullish
CXY is Bearish
Sentiments:
NZDCAD is 84% Bullish
nzd/cad analysismarket was moving in down trend by creating lower low and low high,however we start see market shift form down side to up side by creating higher high and higher low
Possible Sell Trade on NZDCADThis is my analysis trade for NZDCAD.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the pullback going up for the price to go to my sell zone for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to sell again for another possible round of bearish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the last swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
NZDCADWe can attempt to buy NZDCAD from specified level if it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
Buying OpportunityBreak and retest for Continuation Trade, Just wait for a Valid Retest with Conformation for Better Risk Management
NZDCAD is BullishPrice was in a downtrend, however the bulls seem to have won control of the price action after the emergence of a bullish divergence which led to the break of previous lower high. If the momentum persists then we can expect a bullish reversal from here as per Dow theory. Targets are mentioned on the chart.
NZDCADNZDCAD making a bullish divergence at bottom also break their last LH its a sign of bullish reveal, if we put entries at these levels we can see a bullish move.
Overlap resistance ahead?NZD/CAD is rising towards the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84210
Why we like it:
There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.84707
Why we like it:
There is a pullback resistance level.
Take profit: 0.83229
Why we like it:
There is a pullback support level.
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IDEA NZDCAD SHORT POSITION HI TRADERS
Pair : NZDCAD
Position : SHORT ( SELL )
Entry Price : 0.83730
STOP LOSS @ 0.83830
TP 1 @ 0.83530
TP 2 @ 0.83330
TP 3 @ 0.83000 ( Trailing SL )
NZDCAD BUY POSITION There's a falling wedge pattern and price broke trendline and retest it, so its clear that NZDCAD It's rising
NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.835.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZD/CAD H4 | Pullback resistance at 23.6% Fibonacci retracementNZD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8374 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.8420 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.8295 which is a swing-low support.
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NZD_CAD LOCAL BEARISH BREAKOUT|SHORT|
✅NZD_CAD made a bearish
Breakout of the key horizontal
Level of 0.8340 which is now a
Resistance and the breakout is
Confirmed so we are bearish
Biased and we will be expecting
A further bearish continuation
SHORT🔥
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NZDCAD SHORT
Market structure Bearish on HTFs 30
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Strong Resistance level on the Weekly TF
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 0.84500
H4 EMA retest
H4 Candlestick rejection
Levels 8.41
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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NZDCADNZDCAD Is in reversal zone.
Big bullish divergence also shown in RSI.
we wait for furthermore confirmation.
If it will break the last LH then we will execute trade.
NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30 min timeframe
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NZDCAD at the Beginning of a New TrendNZDCAD at the Beginning of a New Trend
NZDCAD reached its lowest price at the end of July 2024, near 0.8120. Since then, NZDCAD has been in a bullish trend for exactly two months. However, in the last two days, the price has decreased significantly by nearly 200 pips, influenced by Powell’s comments and the ongoing conflict between Israel and Iran.
Given this recent movement, the odds are high that we are at the beginning of a new trend. We might see NZDCAD make some corrections before potentially moving down further to 0.8300 and 0.8200.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Assumed channel in 4HHello friends.
According to the drawn channel, I expect a correction towards the midline range.
what is your opinion?
Good luck.
# Let's look simply
Potential bullish rise?NZD/CAD is reacting off the pivot which has ben identified as a pullback support and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 0.83331
1st Support: 0.82507
1st Resistance: 0.84292
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