NZDCAD SHORTPossible "ABC" Reversal pattern? Late buyers may push price up more but I like what I see near this price level.
NZDCAD
NZDCAD - Look for a long Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.83000.
Fundamental news: On Wednesday will be released Interest Rate on CAD.
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NZDCAD: A buy setup is valid!Hello traders,
A buy setup will be available in case of any breaks over 0.83500
7 Dimension Analysis for NZDCAD 🕛 TOPDOWN Analysis - Navigating a Complex Market Structure
Overview: Monthly observations reveal a cautious market, with a bearish internal structure emerging after a previous corrective move. Weekly charts, however, present a conflicting scenario, showcasing a lower high and hints of bullish momentum. The confusion intensifies as prices linger around a crucial resistance area. A sell-focused strategy is recommended due to the proximity to significant resistance.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: BoS (Breakout of Structure)
🟢 Swing Move: Corrective move completed at a premium area, marked by an IFC candle.
🟢 Inducement: Awaiting confirmation at a potential high.
🟢 Pull Back: Anticipating a retracement to the inducement level.
🟢 Internal Structure: Bears waiting; marked by supply, distribution, and rejection at a crucial level.
🟢 Supply/Distribution/Premium Areas: Intense interaction with a strong rejection at the resistance area. Trendline importance emphasized; waiting for a break and a close below.
Traps: Evident, as prices attempt to surpass the area but struggle to sustain.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal
Potential double top patterns; not classic but significance lies in key candle patterns and price movements.
Shakeout reversal observed.
🟢 CANDLE PATTERNS
Notable Observations:
Bullish candles appearing but failing, marked by a pin bar reversal.
Long wick candles, inverter hammer, and a gravestone doji present.
3️⃣ Volume: Significant volumes observed at the end of the corrective move. Low volumes during the rejection at the supply area; unclear picture.
4️⃣ Momentum RSI:
🟢 RSI in Super Bullish Zone: Signifies heavy momentum.
🟢 RSI Range Shift: Successful shift from sideways to bullish, indicating robust momentum.
🟢 Divergence: No clear divergence yet; momentum favoring bulls.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Support: Price above the middle line.
🟢 No Squeeze or Consolidation: Indicates ongoing momentum.
🟢 Dual Band Derivation 1: Favorable for bulls.
6️⃣ Strength
Rate of Change: NZD stronger than CAD.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Trendline
☑️ Candles Behavior: Favorable
☑️ Triangle Breakout: Awaiting confirmation.
☑️ Final Comments: Buy at the breakout, based on momentum and volatility.
💡 Decision: Initially a buy entry based on the current corrective move; if it fails, consider a reversal entry.
🚀 Entry: 0.8309
✋ Stop Loss: 0.8266
🎯 Take Profit: 0.8427, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:2
🕛 Expected Duration: 3 days
SUMMARY: The analysis navigates a complex market structure with conflicting signals on the monthly and weekly charts. The suggested approach is cautious, leaning toward a sell strategy due to the proximity to significant resistance. The daily analysis provides detailed insights into patterns, candle formations, and volumes. The buy entry is considered with specific conditions and exit strategies. This is a corrective move or contra trend entry
NZDCAD Buyers In Panic! SELL!
My dear followers,
I analysed this chart on NZDCAD and concluded the following:
The market is trading on 0.8347 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8282
Safe Stop Loss - 0.8384
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCAD: Bullish Trend Continues 🇳🇿🇨🇦
NZDCAD is trading in a strong bullish trend.
The price set a new local higher high higher close on a daily yesterday,
violating a strong resistance cluster.
We may anticipate a further growth on the pair.
Next goal for buyers - 0.842
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NZDCAD LONGWaiting for a pullback to buy NZDCAD at two touch resistance backed with FIBB confluence from daily swing low, also it would pass daily ATR.
NZDCAD Idea H4Here is my analysis for NZDCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: On Wednesday will be released Cash Rate on NZD. As well on Thursday will be released monthly GDP on CAD and on Friday Unemployment Rate on CAD.
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NZDCAD LONG - REVERSAL AT PLAY!Waiting for a retest of 0.82185 to long NZDCAD back to Daily swing high at 0.84166
If you agree drop a like and if you have any questions leave a comment :)
NZDCAD easy moneyeasy long position. flag. you get the drill.
tradingview wants me to make the description longer so heres the fil
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Stop over complicating it
NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea
NZDCAD LONG - BIG REVERSAL AT PLAY!Waiting for a retest of 0.84176 to long NZDCAD back to Daily swing high at 0.82729
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NZDCAD going LONGNZDCAD is on an UPTREND in the 4HR timeframe.
It broke above the 0.81900 level, It may retrace to the 70.5% FIB level which is in line with the rising TREND LINE .
If these 3 confluences align, they would provide a sweet
BULLISH ENTRY at 0.81500
STOP LOSS @ 0.80950
TAKE PROFIT @ 0.82800
NZDCAD retrace before continue its rally in parallel channelingHi traders,
we should expect NZDCAD to retrace in the early this week before continue its rally.
Good luck!
Happy Profit!
NZDCAD WEDGE BREAKOUTFollowing the wedge breakout on the Weekly and Daily timeframes, I think price action might tend to move towards the next weekly high and beyond.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
NZDCAD: Pullback From Support 🇳🇿🇨🇦
NZDCAD formed a double bottom formation on a strong horizontal support.
We may anticipate a pullback now.
Goals: 0.8220 / 0.8239
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NZDCAD November 16th, 2023The NZDCAD has been in a bearish trend since December 2022, forming a descending resistance trendline. The price is currently touching this resistance.
Possible Scenario 1: Breakout to the upside
If the price breaks above the resistance trendline, it could signal a reversal to the upside. This would be a bullish signal, and traders could look to buy NZDCAD.
Possible Scenario 2: Breakdown to the downside
If the price breaks below the resistance trendline, it could signal a continuation of the bearish trend. This would be a bearish signal, and traders could look to sell NZDCAD.
Possible Scenario 3: Bounce off the resistance trendline
The price could also bounce off the resistance trendline and continue to trade sideways. This would be a neutral signal, and traders would need to wait for further confirmation before taking a position.
NZDCAD possible expansionPrice is in a bullish trend as it has been breaking highs and respecting lows. It broke the previous high with momentum where it receded to consolidate and retrace gradually, forming liquidity in the process. Due to the nature of this break, price could use the latest strong low as liquidity to reach for a demand zone that was previously unmitigated before expanding upwards to take out our higher timeframe weak swing high.
NZDCADIs NZDCAD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.8040 followed by 0.800.
What you guys think of it?
NZDCAD: Descending Channel TopAs we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel.
We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal.
I'm looking at overall NZD performance (NZDWCU) and how it sits against the various crosses, it's had a strong few weeks but I'm expecting across the board retracement from it.
For this pair a fail to break below 0.796 will leave a double bottom / HL and again signify a potential reversal in the making.
This week short for me.
NZDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity NZDCAD
I still did my best and this is the most likely count for me at the moment.
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NZDCAD Long Term SELLING Trading IdeaHello Traders
In This Chart NZDCAD DAILY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
