NZD/CAD - Triangle Breakout (05.08.2025)

[tradelikepro]

The NZD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 0.8096
2nd Support – 0.8087

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[jacson4]

NZD/CAD finally broke out of that tight triangle formation, and the move looks legit. Volume uptick on breakout, clean structure, and a confirmed higher low — all solid signals.
If price holds above the breakout zone (around 0.837–0.840), we could see momentum push it toward the 0.850+ resistance area in the coming sessions.
Classic breakout setup: patience during the squeeze, then ride the expansion. But watch for any fakeout signals — triangle breakouts can retest before the real move continues. SL placement and risk management still key.

[Nahid10]

NZD/CAD triangle breakout is in play — and momentum looks ready to build. After days of compression, this breakout could trigger a trend move if bulls stay in control.
That said, we’ve seen plenty of false breakouts this year across FX pairs. Key will be how price behaves around 0.840 — hold and build structure = bullish confirmation. Rejection or weak volume = potential trap.
🧠 Strategy here? Trail stops tight, scale in on confirmation, and don’t assume vertical moves. Let market structure guide the next entry.