IvanLabrie
Long

NZDCAD: Uptrend continues

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD             has traced an excellent trend this year, and it doesn't give any sign of stopping yet.
We can buy this pullback with ample confidence.
Risk 1% max on the trade.

Good luck!

Ivan Labrie.
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:
snapshot
(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.
Man we have a monthly resistance and the price saw , this resistance not used alot like the weekly resistance , see and tell me your opinion pls .
https://www.dropbox.com/s/35uv1mu2bf0zyle/Untitled.png?dl=0
Reply
I don't use the same methodology as you, so I disagree.
If you have a reason to short, you can enter.
Reply
snapshot


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.
Reply
Right, if it breaks that low it'd drop, but not sure it can do it. I'd buy on strength.
Reply
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