NZDCAD-is forming an expanding leading diagonal Short

New Zealand Dollar/Canadian DollarFXCM

Description

⋅ Aug 3, 2015 5:01 AM

My long term bias is long but i closed all positions and took some profits due to rate news.
I can see a nice expanding leading diagonal is forming, a 5-3-5-3-5 structure
Right now i expect an ABC zigzag to the downside an then i will be looking to buy.

You can use also this setup from MoneyMaking member to enter short:

Best regards

Comments

CryptoPAMM

⋅ Aug 11, 2015 1:56 PM

Good call, but your target might not be reached

FullTimeTrader

⋅ Aug 11, 2015 7:30 PM

Thanks for your comment, my long term bias is also long, i will be ready to close shorts and start looking longs.
Regards.

CryptoPAMM

⋅ Aug 11, 2015 7:34 PM

Hopefully its gonna work for both of us :)