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nakedchartist
Oct 14, 2014 4:16 PM

NZDCAD trend continuation short Short

New Zealand Dollar/Canadian DollarFXCM

Description

It has been a lengthy consolidation for 2 weeks. Price has touched 2013 high and now seems to be doing a flush of a 2 weeks high , pending day close.
I have a h1 macd divergence identified , although the channel is a bit awkward.
Definitely , I wont be shorting at the low when channel break. It has got to be about now with about 30-40 pips of SL, going for 150-300 pips worth of movement.
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