CANADIAN DOLLAR / NEW ZEALAND DOLLAR
Long
Updated

STOP/ENTRY/TP - CADNZD - LONG ( 6% )

208
Trade falling inside of the pivots.

Bull MACD still present, even more so now than previous idea.

50 EMA acting as dynamic resistance.

Entry will occur from a double bottom.

Again this is something new I'm trialing. Got into the trade too early yesterday.

R:R has improved follow yesterday's efforts, so this trade will recoup the lost 1% from the 18th NOV.
Note
Good Break and retest of the 50 EMA. Usual entry point for these sort of trades a good spot to go LONG now. Stop below 1.1035

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