NZD/CAD Possible Move

Today, price came down but Momentum (14) increased. Volatility has slowed considerably. MA's in correct alignment and Momentum is still positive. There is also a channel which todays price has stopped right on the cusp. It does look likely that the next move is up.

Trade active

Move the stop to break even. Momentum is up which is a good sign and the volatility has shown a larger than average increase which indicates a lot of interested buyers.

Note

Quite a big move down today and it shows on both the momentum and volatility. I have moved my stop to make sure I have all overnight fees covered so it is a proper break even if price drops again tomorrow.

Trade closed: stop reached

Predicted the move up so happy with that and covered expected drop.

nelsyboy

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