NZDCAD Watch for Trend Support Break

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
85 0 8
Potential short position shown in chart.

Watch for a break of both the trend support (red line) and 61.8% fib.

If the trend support and fib line is broken I'll secure profit first at the 78.6% fib (bottom of blue shaded area) with a stop lost relocation near (just above) that support then continue to target the 100% fib intersecting with the main channel support (blue line) as shown.

If the support is not broken watch for strong resistance around .908

Overall Risk:Reward 5.54
Trade active: Entered with original Sell Stop.
Comment: SL moved to .89447. Now a zero risk trade.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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