NZDCAD shorts
Updated
Here is my analysis of NZDCAD. Shorts bias based on the weekly pin bars.
Entered shorts the top of the range which has formed on the daily. If I have another rejection of this resistance I will be hoping for a break of the support and a continuation down towards the bottom of the weekly range.
Entered shorts the top of the range which has formed on the daily. If I have another rejection of this resistance I will be hoping for a break of the support and a continuation down towards the bottom of the weekly range.
Trade active
Price is currently sitting on a supporting Trendline. Watching to see if it breaks back into the consolidation it was in for a couple days.
Could see a bounce back from the support of the box drawn.
I will be adding another position if I get a confirmation. (Candle stick formation)
Trade closed: stop reached
Stopped out at Break Even. Lost 3 of 3 trades taken this week.
Coming back next week strong.
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