NZDCAD short-term bearishness in this pair?
CANADIAN DOLLAR / NEW ZEALAND DOLLAR forum
NZDCAD short-term bearishness in this pair?
NZDCAD 🦹♂️ Attention All Market Thieves!(Hola! Oi! Salut! Hallo! Ahlan!) 🎭💸
🔥 Thief Trading Intel Confirmed!
The NZD/CAD "Kiwi vs Loonie" vault is primed for cracking! Our bullish heist blueprint targets the red zone - but we escape before the bears set their trap!
🔓 ENTRY: CRACKING THE SAFE
"Resistance wall at 0.83150 is the vault door!"
✔ Option 1: Buy Stop above resistance (breakout play)
✔ Option 2: Buy Limit at swing low (15m/30m pullback)
🔔 Pro Tip: Set breakout alerts - don't miss the heist!
🚨 STOP LOSS: POLICE EVASION PLAN
📍 Thief SL: 0.82200 (below 4H swing low & MA)
⚠️ Warning: No SL before breakout! You'll trigger the alarms!
💎 TARGET: ESCAPE WITH THE LOOT
🎯 Primary Take: 0.84400
💰 Scalpers: Long-only! Trail your SL like a getaway car!
NZDCAD SELL
Lot Size .02
SL 0.83291
TP 0.811808
TF 4H
Type: Holding Position
NZDCAD time to long 4 hour fib 78.6%
NZDCAD – 15M Technical & Fundamental Analysis
On the 15-minute chart, NZDCAD has been consistently forming higher highs and higher lows, showing bullish momentum until price reached and broke through the minor key resistance at 0.82800.
Following the breakout, price accumulated buy orders above this level, forming a liquidity trap. After the accumulation phase, the market moved downward into the liquidity zone to hunt for stop orders. Now, price is showing signs of recovery and is preparing for a potential breakout move.
Our area of interest lies at 0.82820 for a buy stop entry, joining the bullish momentum.
Our risk management is placed at 0.82640 (below the liquidity zone), and the target is a potential move toward 0.90650.
Fundamental Analysis:
Positive NZD News:
New Zealand’s Unemployment Rate came in stronger than expected at 5.1% (forecast: 5.3%), indicating a healthier labor market. This supports NZD strength and investor sentiment.
Weak CAD Outlook:
The Canadian Dollar remains pressured due to disappointing economic indicators, including sluggish growth and weakening oil prices—both of which tend to weigh heavily on the CAD.
Moreover, the Bank of Canada’s dovish stance has reduced expectations for any immediate tightening, further dampening the CAD's appeal.
On the 15-minute chart, NZDCAD has been consistently forming higher highs and higher lows, showing bullish momentum until price reached and broke through the minor key resistance at 0.82800.
Following the breakout, price accumulated buy orders above this level, forming a liquidity trap. After the accumulation phase, the market moved downward into the liquidity zone to hunt for stop orders. Now, price is showing signs of recovery and is preparing for a potential breakout move.
Our area of interest lies at 0.82820 for a buy stop entry, joining the bullish momentum.
Our risk management is placed at 0.82640 (below the liquidity zone), and the target is a potential move toward 0.90650.
Fundamental Analysis:
Positive NZD News:
New Zealand’s Unemployment Rate came in stronger than expected at 5.1% (forecast: 5.3%), indicating a healthier labor market. This supports NZD strength and investor sentiment.
Weak CAD Outlook:
The Canadian Dollar remains pressured due to disappointing economic indicators, including sluggish growth and weakening oil prices—both of which tend to weigh heavily on the CAD.
Moreover, the Bank of Canada’s dovish stance has reduced expectations for any immediate tightening, further dampening the CAD's appeal.
NZDCAD Possible Sell position coming up! Entry @ 0.83176 - TP @ 0.81764 - SL @ 0.83678
NZDCAD - Buy @o.81650 - TP @ 0.82300 - SL 0.81350
NZDCAD almost looking like some prime ribeye, what yall think
NZDCAD Thanks! Here's a revised summary for your second trade idea:Trade Type: Short
Entry: Near the trendline of the breakout pattern (look for confirmation like bearish candles or rejection wicks)
Target 1: 0.8138
Target 2: 0.8077
NZDCAD Why has market structure analysis just completely gone out the window recently?