FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hello Traders,

Here we have a VALID SYMMETRICAL TRIANGLE on FX:NZDUSD             , which was completed and tested earlier and now we are able to short this pattern with good risk to reward. I have labelled 3 potential targets for this pattern, one is at the completion of the ABCD pattern , the second is at the 127.2% fib extension of AB leg and the last target is the measured move of AB leg which is approximately 202 pips. If we can get a DAILY close below the 0.8300, a key psychological round number, then that would give us extra confidence for staying in this setup and shooting potentially for all 3 targets. Stops for all 3 positions have been placed above the 0.8400 level, a key psychological round number.

Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
UPDATE #1: stopped out for -67 pips. Focusing towards future trade setups :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out