mjorden
Short

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. :)
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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.
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