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Forexswingtrading

BULLISH on NZDCADEntry: .8607 SL: .8575 TP: OPEN (Will be trailing SL) Technicals: Strong Uptrend on the DAILY chart and WEEKLY. Going down to the 4H TF, we see a bounce off major support which is also on the 21 EMA. Fundamentals: Scoring high on the COT data. Retail sentiment showing strong bias to the short side. Retail traders are 70% short. As mentioned previously, often time when retail traders favor one side by over 60%, statistically the pair will move the opposite side.
Long
by ErnieTrades_