NZDCAD
NZD/CAD: Day Trading Analysis With Volume Profile 📊 On NZD/CAD is nice to see strong buying reaction from the price 0.86260 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Strong S/R zone from the past + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
NZDCAD - SHORT - SWING FORECASTWill be looking at short positions for this pair for the following reasons.
It is approaching a point of Major resistance .
It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again.
This is a long-term swing for me looking forward at least 6-8 months.
Once it reaches the major resistance zone, I would start looking for short positions.
I would need to zoom in to get a better entry point, once price approached the major resistance zone.
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management
NZDCAD > Rare Cypher Pattern at Entry!!Analysis of #NZDCAD
Hi traders, today we will have a look at #NZDCAD
The NZDCAD has a beautiful rare big Cypher pattern near a structure resistance zone.
as you can see the Cypher pattern is way above its entry points, this is part of why I don't usually take harmonic patterns by just setting limit entry trade, most of the time the pattern will continue up to test the structure zone and provide me with better entry,
now I am waiting for reversal patterns, like a double top, or head and shoulder, or even a small harmonic pattern on the lower time frame
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NZDCAD Supply And Demand AnalysisNZDCAD Short Watchlist:
Higher timeframe:
-Price sitting inside HTF weekly/monthly supply.
-Trend = uptrend so any shorts will be counter trend.
-smaller risk
Lower Timeframe:
-Waiting for 4hr upward ML to be broken
-Waiting for opposing 4hr pivot point demand zones to be removed
NZDCAD:H1According to the drawn dynamic levels and considering the failures and pullbacks, we can look for a sell position
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Getting a Good Deal..When Trading any Market it is your job to attain value.
Just like any other business that exists in the world you must be Buying for less and selling for more or selling for more and buying for less. It's 6 and 2 3s.
Trading online with a computer is no different. Your job is to structure your capital so that you can consistently attain this value and Trade WITHIN the capabilites of your equity. This means Trading small and gaining market value over time.
In this video we will look more about Where we can buy and sell and basic principles that some fail to grasp so easily..
NZDCAD, how to get long?NZDCAD / 1D
Hello trdaers, welcome back to another market brekdown.
NZDCAD has been trading in a down trend. However, the price has broken strongly above the trend line suggesting higher prices to see.
Checkout out the chart for what I'm waiting for before jumping with FOMO.
Trade safe,
Trader Leo.
[ALERT] Correction Imminent On NZDCAD ??This pair has been on a near 9 week bulllish run and fast approaching a untested Monthly SUPPLY/SELL zone just above 0.85 you should now look for a correction down towards the last swing high in the previous down leg around 0.82 though it may drop down to 0.80 before heading back up and going the higher levels of the Monthly SUPPLY/SELL zone.
So I am now looking for a 4hr or above on my custom indicator to catch this first correction down towards 0.82 or below. I will post updates when the trade is triggered.
Don't forget to boost and follow me for updates
🌟SELL NZDCAD and get +180 pips profit🎁🔰You can see the analysis of the New Zealand dollar to Canadian dollar currency pair in the 30-minute time frame (NZDCAD_ 30min) 🔍🧨
💥Considering that the price has been able to break its up trend line🖤, if the price can reach the meeting point of the SUPPLY zone and the up trend line🖤 (pullback), it can fall to the DEMAND zone🔻
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
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