NZDCAD(1D) - rare optimal opporunity
Updated
NZDCAD(1D) rarely shows a very-sharp ATR switch. There are some interesting features in the price action which create probabilities for the south at this particular time.
I've labelled this a potential short (note disclaimers below). If you short this, you have to be prepared to lose your stop-loss. I do not give advice - so nothing on stop-loss.
If the bull rebellion is crushed to the south, I do not know how far price may move south. This could be a long term trade, designed only for traders who can wait many days for it to unfold.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
I've labelled this a potential short (note disclaimers below). If you short this, you have to be prepared to lose your stop-loss. I do not give advice - so nothing on stop-loss.
If the bull rebellion is crushed to the south, I do not know how far price may move south. This could be a long term trade, designed only for traders who can wait many days for it to unfold.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Note
NZD is a wild currency. Expect loads of whipsaws on time frames below 1D. Avoid FOMO. I may not short this unless price gets into my optimal kill zone. In that case, I've missed if price doesn't get there.
That's trading-life for you. My money is safe, if I've missed - at least I would have not lost anything. Missing out is not losing.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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