New Zealand Dollar / Canadian Dollar
Short
Updated

NZDCAD _COT_ SHORT

82
*WAIT* Till we see a break of the immediate trend line.


Backed up with COT data on what Hedge funds are doing we have more shorts than longs...NZDCAD just tested the 0.88477 resistance level

Entry: 0.88276
Stoploss: 0.88669
Profit target: (1)0.87364
(2)0.86145


Ratio: (1) 2.32
(2) 5.4

Note
Possibly formation of the head and shoulders reversal pattern

snapshot

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