FX:NZDCAD   New Zealand Dollar/Canadian Dollar
99 2 12
Looks prime to continue the uptrend here. RgMov still strong and we are coming out of OS levels on CCI . Range expansion to the upside. 2-3 ATR stop loss. Good luck. Size appropriately.
Comment: we are coming off the lows, looking safer. Daily close important here
Comment: New daily high :P
Comment: taking profit here. Will monitor POST OPEC
Comment: looks like we got a good exit. Would have lost most of the profit if we let it run
Comment: NZD is weak across the board. Oil still rallying. Definitely not something we want to buy at this point. In fact, one could even short a break of the option level as it should accelerate down
Trade active:
snapshot
Short active
Comment: We closed at 9400 to reduce risk ahead of Italy Referendum and NFP, looks like this pair has already started pushing back up. Sit on the sideline for now. If still in shorts, I recommend you take a look at the 4hr and close :P
Are you going to watch OPEC decision for this trade?
Reply
Alex.Singletary NearDrowning
@NearDrowning, yes ofc, although I highly doubt there will be any agreement due to political problems outweighing the economical fix they are striving for.
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