Wicktator

NZDCAD - Setting Up For a Fall

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
We're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline.

Watch for corrective price action and then enter on the retest.

See links below as to why we're anticipating NZD weakness.

Goodluck and trade safe!
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Comments

now we wait
+2 Reply
Nice, Wicktator! Looking good for a potential Short off a retest of the confluence of the 9120 S+R level, the upward-sloping diagonal trendline, and the 38.2% Fibo retracement level. Watching & Waiting now.
+2 Reply
Wick providing the quality as usual
+2 Reply
Currently testing the 50% Fibo retracement of the latest major run up around 0.8950, after a great drop last week. How much will it bounce? Let's watch and see.
+1 Reply
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