Tradinggrouptw
Long

ORDER FLOW-SETUP #NZDCAD LONG - // 75+ PIPS UP FOR GRABS//

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
314 4 13
Hi all,

Potential trade setting up on NZD/CAD.

USD is weakening in strength and the USD INDEX is hitting major resistance which translates into a weaker CAD.
Adding to this analysis is the falling oil             price, which CAD is highly dependent on.

Order flow is looking good as well with NZD +6 and CAD -6.


Best of luck to everyone !


www.tradingwhales.com
pete002
2 years ago
A weaker dollar would translate to a stronger CAD, therefore a weaker USDCAD
Reply
Tradinggrouptw pete002
2 years ago
These currencies are sisters, USD/CAD are both weak, therefore not a recommended pair to trade since order flow is going against both of these currencies.
+3 Reply
mpenaloza
2 years ago
hey men, obviously you are a pro, with all due respect, shouldnt the entry level be at 0.92, just above the support?
thanks.
Reply
Tradinggrouptw mpenaloza
2 years ago
Hello :) Don't focus too much on the exact price but more on the actual area of past demand.
Reply
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