NZD/CAD seems to be ready to dump, I sold around 8083 with the short target of 7960 which in this case a lower low.
If price breaks 4h structure to the upside I will add another sell on 8170 to profit from with a possible retest of the 8083 area where I will close my
short positions. Either way, I make money. Make sure to follow this idea, I will keep posting how I manage this trade as price moves.
If price breaks 4h structure to the upside I will add another sell on 8170 to profit from with a possible retest of the 8083 area where I will close my
short positions. Either way, I make money. Make sure to follow this idea, I will keep posting how I manage this trade as price moves.
Note
She broke to the upside now I'll wait for a retest of 8040 area and close my short position or if price continues moving up I will add another short position on 8170 and try to ride it to 8080 where I will close all my short positions and profit.
Trade closed: target reached
As I wrote in my previous analysis price dumped to the 8040 area and I closed my short position from 8085 in 40 pips profit.
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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.