NZDCAD is setting up to either breakout north, therefor triggering long, and will short highs of .8750, or break down short. Both potential long and short trades are solely defined by a daily trend-line.
Kommentarer
Majorpain
⋅
I entered into a short trade just before you posted this. Anyway.. i am holding my position for a while and will be hedging it with a long trade. Thanks for the input though. Looking forward to more charts from you. :)
mjorden
⋅
You might be fine, I didn't enter long, 4h didn't close above trendline. NZDUSD is looking heavy and USDCAD might reach resistance before NZDUSD reaches support. I am going to start building a short position here.