Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here after price filled the imbalance and rejected from bullish order block + trendline. Fundamental news: Tomorrow we will see result of Unemployment...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
There is a nice scalping buying opportunity on NZDCAD. The price test a solid rising trend line on a 4H time frame. As a bullish confirmation, the price formed a double bottom pattern on 30 minutes time frame and broke its neckline. We can expect a bullish movement to 0.8147 / 0.8158 levels. ❤️Please, support my work with like, thank you!❤️
Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H1 & H4 time-frame - Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around - Aiming for the next Consolidation Zone of Price Actions Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the...
NZD/CAD has just bounced off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.81199 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.80930 Why we like it: There is a pullback support level which...
Our Pair creating inverted head and shoulders pattern but we still need a 4h closure above neckline to confirm the pattern and give us a confirmations to can buy it , and we can measure our target by putting a measure tool between neckline and head , if we have not a 4h closure above our neckline so this idea will be canceled . This Is An Educational + Analytic...
NZDCAD printed a Bullish Cup and Handle pattern with no signs of divergence on the RSI. Entry is suggested on 38.2% retracement level with Stop Loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2.
This Setup for NZDCAD is valid on 1 hour time-frame. Look for LTF confirmation before entry.
6.45pm - 7.40pm overall everything went smooth EXEPT I PUT MY SL ON BREAKEVEN WHEN PRICE HIT MY 1RR I shouldve waited for a break of the 1RR and then maybe moved the stop --->either to breakeven --->or to 1RR to at least gain some profits anyways its really the first time experimenting with TPs couldve been a +2.1 pip day (+3RR) but well, learning is a part of the game
Just took a buy on NZD/CAD. I really like the look of this trend continuation on the 4HR timeframe. Looking for a 2% Risk Reward on this.
This has a 70% possibility of going long and the reason are: There was a strong rejection on the daily AOI All timeframes are Bullish (Weekly, Daily and 4hour) We can see a strong bullish Engulfer on the 4hour timeframe. We can also see a strong Bullish Engulfer on the 30mins timeframe.
Hello traders, Hope all of you having a profitable year, this paid I have been following for couple of weeks now and been waiting to have a successful short so today is the day which I have been waiting for. The channel is clear and our SL should be like 20-40 pipe above the highs to be safe, good luck everyone.
Hello,Traders! NZD-CAD went down but Will soon hit a rising support Line so a bullish rebound is To be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Price has met key level and bearish continuation likely
Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which...
Market Structure Bearish on HTF Weekly Rejection at AOI Weekly and Daily Around same AOI Around Psychological Level Daily Rejection at AOI Strong Bearish Momentum H4 EMA Retest Rejection on H4 Time Frame Strong Level of Support Turned Resistance REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0.8131 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8117 About Used Indicators: By the very nature of the...