Ok, so we got a stop on the previous potential short on the false break of the daily channel.
The
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
The
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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Comment:
Target 1 reached.
Target 1 reached.
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