I posted a GBPCAD chart not to long ago, and I believe we have a similar if not better opportunity forming on the NZDCAD.
Of course, the best trade happened early yesterday on a break of the consolidation (nearly 100 pips higher than price is currently trading)
But if you missed it, as did I, fear not for the bigger picture suggests a lot more downside to come.
I'm not going to short blindly here - no. Instead, I'm going to wait for a bit of a pull-back, on the 4- 8 or even 12-hour charts.
Of course, the best trade happened early yesterday on a break of the consolidation (nearly 100 pips higher than price is currently trading)
But if you missed it, as did I, fear not for the bigger picture suggests a lot more downside to come.
I'm not going to short blindly here - no. Instead, I'm going to wait for a bit of a pull-back, on the 4- 8 or even 12-hour charts.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.