We do not trade trendlines but if I did this is how this chart would look like.This denotes the long term bias of the short term buys taken last week.
You can use this for CONFLUENCE to give yourself confidence in holding the long positions.
Merry Christmas and a Prospeous New Year!
The last analysis on NZDCAD just hit a target of 110 pips.
Now, we expect price to pull back to form a higher low before continuing its uptrend.
New targets are situated at 0.88500. Trade with the trend. Trade Safe.
Regarding the my modified moving average, I made 4 trading decisions on the pair which the 2nd one did not activated!
hopefully, all 3 of them were successful, and the last one by chance!
You can decide between these 2!
1st)
Open trade: 1.08468
TP: 1.09049
SL: 1.08178
2nd)
Open Trade: 1.08715 (a bit higher then the line)
TP: 1.09313
SL: 1.08184
!
I got...
