Looking to gain support and takeoff. Short than long.
Explanation:
NZD is surging. I am expecting some bad news for a CAD that is due for a pullback.
Given that the news will be bearish for CAD we are looking to long. However for the hours leading up to news, we are looking for a pullback for the big dogs to buy at a better price.
Explanation:
NZD is surging. I am expecting some bad news for a CAD that is due for a pullback.
Given that the news will be bearish for CAD we are looking to long. However for the hours leading up to news, we are looking for a pullback for the big dogs to buy at a better price.
Trade closed: target reached
Wow what a successful week. This played out EXACTLY AS PLANNED. We shorted and longed at the exact bottom of the fake move. I will post another NZDCAD for next week as we are looking for this pair to continue up the next 4 weeks!
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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.