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AlkalineFX
Aug 26, 2020 9:10 AM

NZDCAD - The Breakout! Long

New Zealand Dollar/Canadian DollarFXCM

Description

We have finally broken out of the descending channel on NZDCAD, we need to see a pullback into structure and rejections to confirm the breakout before looking for long opportunities. I highly recommend keeping this one on your watchlist.

According to COT Data - 60% long
Comments
jevanss25
@AlkalineFX fantastic work! did you go long on this? - Im long from 0.86665 (after 2 x 1hr bullish candle closes, so decided on a small position for now) - looks like the market is trying to retrace, and I will look to add add to my positions
AlkalineFX
@jevanss25, I didn't I was on NZDJPY! but we are killing it either way bro!
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