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UnknownUnicorn180388
Jan 7, 2017 9:52 AM

NZD.CAD - Short Breakout Opportunity Short

New Zealand Dollar/Canadian DollarFXCM

Description

The NZD.CAD is one currency pair i have short over the weekend.

Although my position is currently in profit, I do expect a minor pullback into Monday as we await a final push lower.

Have a great weekend :-)

Comment

Comments
Roarkenstein
Agreed, pullback could run to the last swing low breakdown closing level at .92698. May take this trade...
UnknownUnicorn180388
@Roarkenstein, I hope all goes well, have a good weekend.
Trader_Dale
Thanks for your great analysis!
Here is my view on NZD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action are three very strong resist/support zones. All of them were created with heavy volumes of big players - you can see it on the Cummulative Volume on the right side. The closest level: 0.94426 is placed on the biggest volume of the year (Point Of Control). The biggest volumes of the year were placed there and moved the price agressively lower. This is definitely the place I would like to go short!

There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale
kev2000
it defied every expectations it just got Ferrari legs to the down side nice post @tomhall
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