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 ...
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
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
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...
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.
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...
This Setup for NZDCAD is valid on 1 hour time-frame. Look for LTF confirmation before entry.
Weekly: -H&S pattern. -Imbalance. Daily: -Bearish W pattern. -IC. 4H: -H&S pattern. -IC. -Imbalance.
NZD-CAD finally broke the Long-term falling resistance Line and the breakout is Confirmed so we are Bullish biased and I think The the pair will go higher Mid-term !
Hey everyone! Yet another trade idea for the challenge! In this one we have some positive feelings for the NZDCAD! 📈 When inspecting the H4 chart we immediately see how the market rejected almost instantly the support area, to then fail to create new lows and printing a strong bullish presence around the 22nd. I've been monitoring a potential long for a few days...
HERE we can see that price formed consolidation after that took a break out to support balanced the liquidity at higher tm frames price created a double bottom pattern now price has to fill the liquidity at up resistance zone a small lone entry as shown in the picture follow for more live updates...
Entry: from the bullish zone. Stop Loss: below the bullish zone. TP: TP1 and TP2 Don't Forget to practice proper risk management.
Based on EMAs I think we still have a bullish trend
Hey guys hope you are all having a wonderful and blessed weekend so far! Just wanted to come on here and make a post for a potential setup I see for the week ahead on NZDCAD! Not going to go super in-depth but will give a general breakdown of why I am looking at this pair to potentially trade. Lets dive in! OK so starting on the weekly timeframe price seems to...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 0.8210 - 0.8230 SL @ 0.8244 TP 1...
NZDCAD has completed its bullish pattern, however, no divergence has been observed to indicate price reversal. Having said that, there is a buy opportunity at the break of previous lower high as some bullish movement is expected.