CADNZD trade ideas
NZDCAD - Bearishness in sightNZDCAD is forming bearish divergence and a rising wedge pattern. No bullish continuation pattern observed. Price may fall after breaking previous HL which could be your entry point.
NZDCAD is approaching the trend againHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83600 support and resistance area.
Trade safe, Joe.
NZDCAD - Sell StopNZDCAD - Sell Stop
Bearish Divergence + Rising Wedge chart pattern shows signs of trend reversal and the price will continue to move down if the previous higher low is broken.
Loonie Strengthens Following Canadian Jobs DataFollow up video from yesterday's Loonie forecast.
See previous below
NZDCAD: DT Curve AnalysisBased on the 4D Chart
SSO2 @ 0.8404 ⏳
SSO1 @ 0.8355 ⏳
TP1 @ 0.8263
TP2 @ 0.8185
TP3 @ 0.8128
TP4 @ 0.8039
BLO1 @ 0.8018 ⏳
BLO2 @ 0.7966 ⏳
ADDITIONAL INFO:
⏱ It's prime time for a short BABY.
🤑 Get it while the getting is good.
This is an Intermediate Time Frame trade (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
🔑
BLO = BUY LIMIT ORDER
DT = DOWNTREND
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NZDCAD: Bearish scenarios...! (Details on caption) By checking the hourly NZDCAD chart we can figure out that the bearish scenario is high probability.
the price cleared the liquidity above the daily candle and then shifted the market structure and also had a bearish reaction to the bearish order block.
Now, we can see the sell side liquidity which formed as equal lows, trend line liquidity, and daily FVG which can be our last target.
For seeing this bearish move I can expect two scenarios that you can see on the chart.
First, the price can move down from here.
second, because of the clean buy-side liquidity we can expect the price to sweep the liquidity first and then move down. (I prefer to follow this scenario)
As always we need LTF confirmation for entry.
💌It is my honor to share your comments with me💌
🔎 DYOR
🗓️07/06/2024
💡Wait for the update!
NZDCAD - ShortDear Traders, this is my opinion on NZDCAD. always follow your trading plan and apply proper risk and money management
stay safe!
NZDCAD selli'm looking for a long term sell on this pair if all confluences are through,i'll post it here
just sharing an idea tho,
NZDCAD is in bullish rallythe pair respects the trend line and with no divergence it is retracing means it will bounce back from on of three fib points to make new HH and HL
NZD CAD - Long Set upIt Looks Like A Bull Flag On 1h Ime Frame. Once My Entry Triggers, I Will Keep My Stoploss On Prominent Lows And Adjust Tp's According To Risk - Reward.
Buy Stop / Entry - 0.84957
NZD/CAD for Pull-Backwe have two scenarios here
scenario A :
- you can short now with small lot and out when creating higher low
- for pull back and create higher low between fibo range (50:61)
- its against the general trend but we will enter with small lot and take pull-back
Scenario B :
- for long position after finish the pull-back i think will be between 50:61 fibo levels
- so you can go long from there and take any target until target 3
- its with general up trend
have fun :)
NZDCAD Short Term Buy IdeaH4 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the strong support zone holds my short term view remains bullish here
NZDCAD LONGWas waiting for Daily Shift of Structure as it was bearish, Monday had a lot of volume
Market structure bullish at HTFs 30%
Weekly and Daily at the same AOi
Weekly rejection at the AOi
Daily Rejection at AOi
Around Psychological Level 0.84000
H4 Candlestick rejection
Rejection from Previous structure
Levels 3.5
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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Divergence detected on NZDCAD The price of NZDCAD is moving up, but the momentum is slowing down, creating a divergence. At the same time, a rising wedge reversal pattern is forming, which could indicate a potential reversal in the trend.
