This chart is significantly interesting for a variety of reasons. On a technical and fundamental basis I think we can expect NZDCAD to sell off in the intermediate to long term, and right here we have the perfect excuse to join in on this action as a position trade. The entry is a discretionary entry, below the previous monthly close, in case next month, we stay under the monthly mode at 0.92063, which would confirm the 12 month decline and the target on chart.
Good luck if taking this trade. Cheers,
Ivan Labrie.
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En route, we have to be patient with this one.
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Possible to reenter or add to it.
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If march closes below the stop this downtrend is confirmed.
Zlecenie zamknięto ręcznie
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Might be wise to close the short partially if you're in and move stop loss to entry.
Zlecenie zamknięto ręcznie
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You can close and flip long to catch a retrace. Stops below 0.855
Nice to see that you too have a bearish forecast on this one. I am involved in a short with 2 standard lots beginning from the moment price action bounced down from the down trendline and I am still holding those positions. Good luck, if you took it as well! :)
IvanLabrie
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I didn't, but taking it here. Hang in there!!!
Cheers.