Downtrend and take profit levels have been identified by instituional set up and values. Take profit at equal lows identified in the chart. Exit trade at max take profit level at the price tag of the range area. Wait for retest and re entry to continue trading after take profit has been achieved.
Due to the struggle between the Bulls and Bears in an effort to break the 0.65000 and 0.66000 level, we should look for great opprotunities to take 50 to 100 pip swing trades. Although the overall trend is suggesting down, the Bulls have just as much power and control of this major pair. Look for the correlating factors on NZDUSD and USDCAD. When USDCAD is...