PureSpeculator

NZD/CAD will continue to go up after a little break

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZD/CAD is a few months in an uptrend and what happened in last weeks I would call a correction because the market is giving us a signal for a beautiful buy! The drop of last weeks was slow and weak and now the market got to an interesting level where almost everytime market reacted in the past, so why would not it react now? Another thing which we can see is that market made a falsebreak and beautiful pin bar was created. Another good thing about this is that CAD news released on Friday 20.4. slipped this pair lower, but then finally buyers came back and took over control which I also expect in the future. Stoploss will be around 50-70 pips and profit potential is 400-500 pips. What are you gonna do with this information is totally up to you ;)
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