FX:NZDCAD New Zealand Dollar/Canadian Dollar
Comment: Cancel the order if we get a new low today.
Comment: You can even flip short under Friday's low, stop at the high if we have a new low.
Comment: (if you flipped short, this is the result)
Comment: You can move the stop to entry on the short here.
Trade closed manually: Cover short.
This is my approach to the topic:
We got breakout high pinbar above red PPZ > retest bottom of the red PPZ box with another pinbar > retest with another pinbar red PPZ high > string dip under PPZ from pivot with outside bar > retrace from under PPZ to red PPZ bottom exactly. Right now the price is strongly protected by price action.