Nicemate
Short

POTENTIAL DOUBLE TOP ON NZDCAD

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
77 0 6
Ok, so we got a stop on the previous potential short on the false break of the daily channel.
The FX_IDC:NZDCAD             seems to be going all the way up to retest the (very) long term top channel trend line , so there is a potential short entry on a double top . Let's see if daily and weekly close are above monthly resistance. Next resistance is in the double top entry area.
ENTRY AREA: 0.94550 to 0.95276
STOP LOSS: 0.94639
TARGET ( DOUBLE TOP ): 0.7970
Comment: Investment reduction is recommended, on this strategy. The fundamental conditions are such that it is also likely that we might see a new higher high on the pair. Caution.
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Target 1 reached.
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