Technician

NZDCAD: Republishing Bump & Run Trade

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
11

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 bearish shooting star 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 :)
Hey, say hello by joining me at : twitter.com/thefxchannel
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.