Tall_Short

Potential opportunity for LONG NZDCAD

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Based on correlations NZDCAD is still overpriced in relation to JPY terms. After the recent decline (0.87%ish), I believe there is a chance of a slight bounce back due to support and resistance points.

Comments

Took profit at 8988 due to rising stop loss as I still believe this to be a volatile market at this point in time. 26 point profit.
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