SimplyFxCharts

Position - Caution play

Long
OANDA:NZDCAD   NZD/CAD
Bullish output since the lows of price started rally sometime ago.
Maintaining my position with adjusted stops.
If traders are going to add position, you need to wait.
Traders with exposure in this pair have to adjust stops on Daily basis.
Look out for price continues rallying until previous lows broken.

Do not get excited nor be overly traded in one single pair.
Adding position can only be when price favouring you.
Stops must be adjusted before position can be added.

The time to exit a trade when you are too optimistic not considering what condition you are in.

Target price 95
Comment:
retracement back to around 89
Comment:
revised target to 93
Comment:
revised target 91
Comment:
91 cleared, heading 94.
Comment:
Add position long
Comment:
will have to go pass 9200 before heading 9370.
At 93 will have to tight up stop loss.
Price NZDCAD may seem to be having selling but the rally are stronger and should continues to around 9370 to meet selling.
Weeks of rally are expected to happen with minor retracement.
As always stops have to be monitor, forget about the gain and net pips at the moment.
Position are to add at market
Comment:
NZD/CAD
Comment:
bullish NZDCAD
Comment:
Nzdcad expecting current 9130 breaking north. Long basis maintained.
Comment:
Maintain long side. Position added. Near term 923
Comment:
Current 913
Comment:
Short squeeze force to cover.
Comment:
Maintain position but no adding.
Comment:
Results of trading is waiting. If you have follow through the trade your yield should be reasonably.
Comment:
Reaction is due.
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