Long

Position - Caution play

Updated

Bullish output since the lows of price started rally sometime ago.
Maintaining my position with adjusted stops.
If traders are going to add position, you need to wait.
Traders with exposure in this pair have to adjust stops on Daily basis.
Look out for price continues rallying until previous lows broken.

Do not get excited nor be overly traded in one single pair.
Adding position can only be when price favouring you.
Stops must be adjusted before position can be added.

The time to exit a trade when you are too optimistic not considering what condition you are in.

Target price 95

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retracement back to around 89

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revised target to 93

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revised target 91

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91 cleared, heading 94.

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Add position long

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will have to go pass 9200 before heading 9370.
At 93 will have to tight up stop loss.
Price NZDCAD may seem to be having selling but the rally are stronger and should continues to around 9370 to meet selling.
Weeks of rally are expected to happen with minor retracement.
As always stops have to be monitor, forget about the gain and net pips at the moment.
Position are to add at market

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NZD/CAD

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bullish NZDCAD

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Nzdcad expecting current 9130 breaking north. Long basis maintained.

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Maintain long side. Position added. Near term 923

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Current 913

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Short squeeze force to cover.

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Maintain position but no adding.

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Results of trading is waiting. If you have follow through the trade your yield should be reasonably.

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Reaction is due.

SimplyFxCharts

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