FX:NZDCAD   New Zealand Dollar/Canadian Dollar
104 11 2
Boring as it seems, I expect the up trend pretty much to continue within the black channel. It is also quite possible that the trend needs to be bolstered by making another dip lower - just a bounce to give the trend a fresh start. The thick green support line may serve as a good pad for that purpose.

If failed however, I've marked (with blue rectangles) the average size of previous retracements. The trend should resume from the bottom of the last blue box, which happens to coincide with the 0.93 level.
FaultyKid
2 years ago
You still in this trade, looking for a nice opportunity to buy.
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ForceFollower
2 years ago
Yes, I keep milking this pair. I admit, I'm not that old trade any more :-), but I keep entering long on dips and exiting on the rallies. No short positions. Currently my TP is at .95962.
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FaultyKid
2 years ago
I take it, now is good entry.
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ForceFollower FaultyKid
2 years ago
Yes, indeed. :-)
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ForceFollower FaultyKid
2 years ago
You might also consider going long NZDJPY.
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itaskar ForceFollower
2 years ago
yep, Iam long there 88.92
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ForceFollower
2 years ago
NZDJPY keeps falling, I know. But, don't worry, I expect this correction to stop and reverse at 88.65-68. :-)
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itaskar ForceFollower
2 years ago
I agree, there is a support area in N61!
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ForceFollower itaskar
2 years ago
I like the black parallel the most.
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itaskar itaskar
2 years ago
just for info A61! good support as well
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ForceFollower
2 years ago
NZDCAD: I expect this pair to find first strong support at .9418. If it fails, there's another support between 0.9381-92.
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