New Zealand Dollar vs. Canadian Dollar
Short

ðŸ”đ NZDCAD, Short, ICT Swing Trade ðŸ”đ

137
ðŸ“Ģ Attention Traders! 📈🔍

ðŸ”đ NZDCAD, Short, Swing Trade ðŸ”đ

📊 Here are the key points for a potential trading opportunity in NZDCAD:

1ïļâƒĢ The Daily Chart indicates a downtrend as the EMA 108 is below the SMA 169.

2ïļâƒĢ Our AI screener indicates that CAD strength has transitioned from the weak side to the strong side since October 19, 2023.

3ïļâƒĢ On the NZDCAD 8-hour chart, a Lower High has formed between the EMA 108 and SMA 169, filling the FVG (Fair Value Gap) that formed on October 23, 2023.

4ïļâƒĢ Last Friday, November 10, 2023, a BOS (Break of Structure) occurred after the AUDCAD also experienced a BOS.

5ïļâƒĢ This setup suggests a Short Swing trade strategy, targeting levels below: 0.8127, 0.8078, 0.80298, and 0.7981. There is still a possibility of reaching the FVG at 0.8012, given the overall downtrend on the Daily Chart.

6ïļâƒĢ Set a Stop Loss at 0.8176 to manage risk effectively.

7ïļâƒĢ The short entry zone is between 0.8130 and 0.8164.

8ïļâƒĢ Consider entering the short trade on an Hourly Chart retracement above 0.8078.

9ïļâƒĢ Aim for a minimum profit target of capturing 40 pips.

Keep a close eye on these levels and trends in NZDCAD for potential trading opportunities. Remember to manage your risk and trade responsibly!

✅ Stay tuned for more updates and analysis. Happy trading! 🚀💰

āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš

āļ‚āđ‰āļ­āļĄāļđāļĨāđāļĨāļ°āļšāļ—āļ„āļ§āļēāļĄāđ„āļĄāđˆāđ„āļ”āđ‰āļĄāļĩāļ§āļąāļ•āļ–āļļāļ›āļĢāļ°āļŠāļ‡āļ„āđŒāđ€āļžāļ·āđˆāļ­āļāđˆāļ­āđƒāļŦāđ‰āđ€āļāļīāļ”āļāļīāļˆāļāļĢāļĢāļĄāļ—āļēāļ‡āļāļēāļĢāđ€āļ‡āļīāļ™, āļāļēāļĢāļĨāļ‡āļ—āļļāļ™, āļāļēāļĢāļ‹āļ·āđ‰āļ­āļ‚āļēāļĒ, āļ‚āđ‰āļ­āđ€āļŠāļ™āļ­āđāļ™āļ° āļŦāļĢāļ·āļ­āļ„āļģāđāļ™āļ°āļ™āļģāļ›āļĢāļ°āđ€āļ āļ—āļ­āļ·āđˆāļ™ āđ† āļ—āļĩāđˆāđƒāļŦāđ‰āļŦāļĢāļ·āļ­āļĢāļąāļšāļĢāļ­āļ‡āđ‚āļ”āļĒ TradingView āļ­āđˆāļēāļ™āđ€āļžāļīāđˆāļĄāđ€āļ•āļīāļĄāđƒāļ™ āļ‚āđ‰āļ­āļāļģāļŦāļ™āļ”āļāļēāļĢāđƒāļŠāđ‰āļ‡āļēāļ™