Follow_The_Spiral
Short

NZD/CAD Long-Term Setup (Short)

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I am starting to see a rebound in oil             , confirming underlying strength in cad. There is also speculation of the RBNZ cutting rates in the future, possibly leading to a weaker NZD.

Entry: .9708

TP1: .93873
TP2: .92714

Sl: .98
Correlation Source: myfxbook.com & coincorrelation.com
(Disclosure: Correlations due tend to change over time)
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Charts are Not Investment Advice.
Charts are My own views and opinions.
No95TradingCo
6 months ago
This NZ is killing me
Reply
IAmAgainst
6 months ago
People keep buying and buying.. I think the best approach here is selling without a stop, but of course that's not for everyone..
Reply
Follow_The_Spiral PRO IAmAgainst
6 months ago
I always maintain a SL, just in case my pattern analysis is invalid, then reevaluate.
Reply
Short all the way to 0.64530 ? :)))
Reply
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