FX:NZDCAD New Zealand Dollar/Canadian Dollar
Update: The break above 0.9350 invalidated the short.
I am republishing the trade idea i published earlier in March 21, the trade setup was a success as price started my anticipated Run phase, which i described the Bump and Run pattern in details in my previous post, check the link below for the pattern.
So what now? NZDCAD just like NZDUSD has drawn a candle at a broken support , which reverses role now to a resistance, and therefore, i am looking to short the pair near 0.9350 with a stop loss a daily closing above 0.9350 and a target at 0.9175.
Good Luck for me, and you :)
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Yes. I closed out before the event risk. I dont usually like to gamble too much especially when I have profit. I have the live to fight another day mentality. Plus, I can always buy back in. I'll be interested to see where the NZD goes from here. It seemed overweight to begin with and the RBNZ didnt say anything about intervention but I think they hope the Kiwi devalues a bit.