We have a long held trend line in NZDCAD. waiting for a breakout. if breakout occurs, you can either wait for a pull back or sell immediately depending on your trading style. Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own...
Based on AB=CD And Gann Analysis, It's a potential short position for 300 pips. In a lower time-frame (240/4hr) there is a move confirming a short position also. TP & SL are mentioned in the chart. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
My apologies should of uploaded chart sooner, I got my entry at 0.94945, its not to late to jump on the movement!
The price has reached back into the resistance area at 0.9569-0.95490. bearish as long as the resistance at 0.9569 remains intact. As intraday trading strategy, you must get bearish signal confirmation by trading below 0.9458 with potential target at 0.9239-0.9203.
FX:NZDCAD Safe Trades;
tightening range, clumping moving averages, volatility