Nzdcadshort
NZDCAD - Long from support ✅Hello traders!
‼️ This is my analysis of NZDCAD .
Here we are bullish from H1 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from support zone + institutional big figure 0.87000.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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📣#NZDCAD| The price is close to a critical zone 📣#NZDCAD| The price is close to a critical zone
From the chart, we can see that the price is close to a critical area.
After the price went up almost 1200 pips without taking a break, maybe now is a perfect time for correction.
Price is testing a very old resistance zone and it could push it back down for correction.
Targets:
🎯 0.8500
🎯 0.8340
Thank you and Good Luck!
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
[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
20 Reasons for short NZDCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Bear
2 📆Monthly: Bear
3 📅Weekly: Bear rejecters' last resistance
4 🕛Daily: Bull but a massive gap down reversal
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bull
6: 2 Pattern Candle Chart: key reversal, gap-down, double top, bull trap, also major tf rejections
7: 3 Volume: dried
8: 4 Momentum UNCONVENTIONAL Rsi: range shift bullish to sideways
9: 5 Volatility measure Bollinger bands: squeeze started
10: 6 Strength ADX: sideways
11: 7 Sentiment ROC: CHF is always stronger then nzd
✔️ Entry Time Frame: h4
12: Entry TF Structure: Bullish wait for confirmation
13: entry move: sideways Narrow
14: Support resistance base: support at h4 OB AND FVG
15: FIB: wait
☑️ final comments: wait till confirmation
16: 💡decision: after confirmation, we go with bears
17: 🚀Entry: 0.5871
18: ✋Stop losel:0.5922
19: 🎯Take profit:0.5645
20: 😊Risk to reward Ratio:1:7
🕛 Excepted Duration:7 days
20 REASON FOR SHORT NZDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
1 🧐Eagle eye: in 2016, a fake out occurred effect till Date so by this effect, the price made the last 7 years back to back Low, and this year's Low is extreme
2 👌Monthly: Trend is clear Down after filled last move target. Now price is in a corrective phase and tapped the most important FVG resistance level. In my point of view Corrective move is finished now, and another strong impulse move is beginning
3 👌Weekly: also in a bear trend and a solid corrective move induced previous high stack all liquidity and took all previous stop-loss also halt on monthly FVG resistance
4 👌Daily: daily corrective move successfully achieved the target and took a break on monthly and weekly resistance, so we saw a healthy retracement at this level
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: long wicks at resistance CIP this level double top
7: 3 Volume: below average right now, a vital reversal sign
8: 4 Momentum UNCONVENTIONAL Rsi: extreme high complete overbought levels
9: 5 Volatility measure Bollinger bands: longest walking on the band highly overbought
10: 6 Strength ADX: divergence at ADX
11: 7 Sentiment ROC: NZD is too much weaker than the CAD
✔️ Entry Time Frame: H4
12: 1 Entry TF Structure: higher low Not confirm YEt
13: 2 entry move: impulse
14: 3 Support resistance base: Monthly Resistance daily resistance H4 Resistance Confluence
15: 4 FIB: trigger event Occurred
☑️ final comments: small sell 1st as a test entry Then add at 3rd low increase your position size
16: 1 decision: sell a test and small size
17: 2 Entry: 0.8345
18: 3 Stop lose: 0.8390
19: 4 Take profit: 0.8065
20:5 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 10 Days
NZDCADHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
NzdCad long-term sellLong term analysis on D1, good selling opportunity, resistance at 0.82535, on H1 we find 4 touches of resistance at 0.82066, a good selling opportunity, looking for support 1 at 0.79440, where we place the stop with gain at 0.8150 , then support 2 at 0.77373. Good trade everyone.
NZDCAD Another Potential Falling Trade SetupI'd like to shout out Calvin, @akinijoma who has entered a fantastic trade where he can potentially gain 11X more than what he is risking on NZDCAD sell. My prayers is the trade goes your way. It's crossing all T's and dotting all of the I's.
Price is in a downtrend, it's retraced back to your estimation zone(courtesy of TMP strategy) and has trigger your pending sell order.
Stay patient in the trade. You have your stop loss and take profit set. Your risk to reward is very favorable. I'm excited to see how this plays out.
Great setup idea.😁😊😌
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