Here is my analysis of NZDCAD. Shorts bias based on the weekly pin bars.
Entered shorts the top of the range which has formed on the daily. If I have another rejection of this resistance I will be hoping for a break of the support and a continuation down towards the bottom of the weekly range.
Entered shorts the top of the range which has formed on the daily. If I have another rejection of this resistance I will be hoping for a break of the support and a continuation down towards the bottom of the weekly range.
Trade active:
Price is currently sitting on a supporting Trendline.
Watching to see if it breaks back into the consolidation it was in for a couple days.
Could see a bounce back from the support of the box drawn.
I will be adding another position if I get a confirmation. (Candle stick formation)
Watching to see if it breaks back into the consolidation it was in for a couple days.
Could see a bounce back from the support of the box drawn.
I will be adding another position if I get a confirmation. (Candle stick formation)
Trade closed: stop reached:
Stopped out at Break Even.
Lost 3 of 3 trades taken this week.
Coming back next week strong.
Lost 3 of 3 trades taken this week.
Coming back next week strong.