Hi Guys, the NZDCAD is in a corrective structure which can be 3 or 5 waves. The next impulse in this structure will be down. Look for sell setups after the break.
评论
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OK so we got the one more up now look for possible sell setups
It seems like this pair is going to fall straight away
rebound
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Is short still correct?
inspiration_sou
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anil , that's in the daily frame or what ? and thanx for sharing this
FiguringOutFinance
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@inspiration_sou, Look at the top left of the chart mate, it's the 240/4 hour chart.
itispossible
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You should've waited to see a reaction to resistance at the top of the range before going short. It's never a good idea to short at the trendline. Wait for the reversal confirmation before entry /\. In this case it broke the resistance and kept running up. No trigger. \
zhuxudongalex
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@itispossible, THANKS a lot, this NZDCAD may take a while to go down, we should wait...
zhuxudongalex
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I guess we should wait for the news of BOC (canada) for tomorrow, it may be 0.9650-0.9660 area, big resistance area, the best short entry may be triggered the beginning of next week...
ajschmidt100
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Is this short still in play or has it stopped out in your opinion?
anilmangal
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@ajschmidt100, how would it be stopped out if the trade never triggers? But yes the 4 hr structure is still a correction only this time we wait for a different setup for the sell.
ajschmidt100
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@anilmangal, I must have misunderstood your idea then. I thought you were suggesting a sell as the price tested your upper trend line.