FX:NZDCAD   New Zealand Dollar/Canadian Dollar
131 5 5
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Trade active
Comment: 0.951 short
Comment:
snapshot
Comment: floating gain : 120 pips +
Comment: We are getting closer to our T1.
Remember to TP%

Floating Gain: Nearly 200 pips+
Comment: T1 hit
TP %
Do you think this pattern won't complete because of the impending possibility of a rate adjustment and that I should short now or do you think I would be better off waiting for the pattern to complete? Not too experienced trading near/around rate decisions yet! It was weird when RBA cut rates recently and then went straight up as well.
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Let's see how the bar close in 4hr. If it close below the trend line, then this chart will not be valid
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Ranothil Predictindex
My thoughts exactly, watching 4 hr trend line closely. It did close above it just now but barely
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Ranothil Ranothil
Let's go :)
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Ranothil Predictindex
When I look at NZ long term, it makes me wonder if more upside is possible in NC as well, because unless oil spikes up quickly the two should be rather similar pairs.

NZ looks like it has room for another 200 pips before reversing on the daily trend line but at the same time this market seems capped at 0.9500, which is less than 50 pips away, what do you think?
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