I have had a long on NZD/CAD for a few days now but tonight sees a clear break above the inverted right shoulder from Dec 18. If you like round numbers then the target price is 0.95000.
DYOR etc
Tony
I ended up closing my short at 854 before taking a brief long position but have now re-entered short on the bearish engulfing pattern. Target is 808 based on a Fib extension shown in the screenshot.
I took this trade tonight based on CAD/CHF rebounding from the top of its trading channel with confirmation of change of direction. In principle this should head down towards 0.73 over the next week to give 150 - 170 Pips. DYOR etc.
Happy trading
Last night I took a short trade on platinum which reversed at 875. This is a resistance level from 25th June and 6th November last year. It also coincides with what looks like the top of a price channel. Unless it bounces at 850, I can see a see an initial target of 830 where I would expect some fairly strong resistance but with a final target around 800.
