Since 2014 NZDCAD has been moving in a range. From the beginning of the year price moved up from the support/bottom of the channel and near resistance price turn around and even broke out of the upward channel.
Therefor I've closed my long positions and switch to short posisitons. Target is the upward moving trendline on the weekly chart, near the bottom of the range.
Therefor I've closed my long positions and switch to short posisitons. Target is the upward moving trendline on the weekly chart, near the bottom of the range.
Trade active
Price is still moving in the downward channel. 0.87500 cold be the target. let's keep watching the structure. I'm still short on this. :)Note
This has moved exactly as the original idea. Price is still in a downwrd ranche so I'm still SHORTNote
Still holding shorts, no need to explain
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.