Alaa1990
Short

nzdcad ... sell setup

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
27 4 3
NZDCAD             form triangle

good luck traders
Trade closed: stop reached
Interesting view on this pair. I have a different setup for the NZDCAD. Take a look at my set up and met me know what you think.

Kevin
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Alaa1990 Kevinsem
@Kevinsem, thank you sir for sharing you opinion with me. In general, triangle consider as continuation pattern. In our case and from Elliott wave point view , the pair drop from the top to form ( W) wave, and this triangle consider as (X) wave. Form classical point of view, wait until the pair choice it direction and trade on the direction of break out. Thanks a lot and good luck
Reply
Kevinsem Alaa1990
@Alaa1990, Sorry for the delay in response I just learned how to view my notifications. and yes triangles are normally continuation patterns. but I would argue that the pair was moving up. Looking forward to viewing your future posts.
Reply
Alaa1990 Kevinsem
@Kevinsem, good luck Bro
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