NZDCAD - good setup for long or short with confirmation

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
120 2 1
NZDCAD             is setting up to either breakout north, therefor triggering long, and will short highs of .8750, or break down short. Both potential long and short trades are solely defined by a daily trend-line.
I entered into a short trade just before you posted this. Anyway.. i am holding my position for a while and will be hedging it with a long trade. Thanks for the input though. Looking forward to more charts from you. :)
mjorden Majorpain
You might be fine, I didn't enter long, 4h didn't close above trendline. NZDUSD is looking heavy and USDCAD might reach resistance before NZDUSD reaches support. I am going to start building a short position here.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out