CADNZD trade ideas
NEW TRADE ✨ NZDCAD: LTF CURVE ANALYSIS (50m) ✨ (DOWNTREND)SLO2 @ 0.8371 ⏳
SLO1 @ 0.8336 ⏳
TP1 @ 0.83069
TP2 @ 0.82179
TP3 @ 0.81596
TP4 @ 0.81330
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LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
NZDCAD: Bearish Outlook ExplainedNZDCAD has been showing strong bearish momentum since mid-June.
The market successfully broke and closed below a significant horizontal support level on the 4-hour chart, which has now turned into a new resistance level.
This presents a good opportunity to sell as the market is expected to continue dropping. The next support level to watch for is at 0.8260.
Falling towards overlap support, could price bounce from here?NZD/CAD is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 0.83166
1st Support: 0.82938
1st Resistance: 0.83551
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NZDCAD LONGPrice broke Daily Structure on Friday, making majority of my Time Frames bullish.
Market Structure bullish 30
Entry at Daily AOi
Weekly Rejection at AOi
Strong weekly bullish close
Bullish engulfing on the weekly Timeframe
Daily Rejection at AOi
Daily EMA retest
Previous Daily Structure Point
Around Psychological Level 0.83500
H4 Touching EMA
Candlestick rejection on the H4
Levels 4:42
Entry 95%
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 - In ABCD Bearish Reversal HarmonicNZDCAD is analysed on a 30m time frame with a bearish divergence. I used ABCD harmonic pattern and initiated a trade after the bearish divergence at point B. I planned my trade from point B to C.
The Signal is:
EP: 0.83738
SL: 0.83877
TP: 0.83600
RR: 0.5%
Lots: 0.50
NZDCAD Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8327
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8366
My Stop Loss - 0.8301
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