agnelmoses
Short

NZDCAD : SELL THE BREAKOUT

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
221 3 1
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Shorted already from 9720 :-) . Been a roller coaster ride but trusting the zone that it will not reverse. Good luck all this pair has provided great long and short opportunities but I'm going the short swing haul.
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It's the time actually and maybe late , we have a resistance for 1996 and 1997 at 0.97704 , this kind of resistance will not see any moving average or any kind of analysis , good job agnelmoses and i prefer to move the stop above that resistance because it's already long term trade and put the take profit at the same distance , if you don't have the full chart guys pls tell me i can attach it here , good luck .
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It is not yet time to take a sell entry. This is especially because, the 200 SMA is just below the breakout. In most cases, the pair bounce back from 200 SMA. A candle close below 200 SMA may provide a better sell entry.
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