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The_Monk_Trader

NZDCAD SHORT for 230 - 1000 pips!

Short
NEW ZEALAND DOLLAR / CANADIAN DOLLAR (FX_IDC:NZDCAD)  
The_Monk_Trader Mis à jour   
FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
Trend Analysis swingtrade Trend Line Break trendcontinuation
5
3
trendanalysis swingtrade trendlinebreak trendcontinuation
NZDCAD

- NZDCAD is in a downward parallel channel and has hit the upper trendline a few times in the last weeks while showing some bearish candles.
- It just broke the trendline support showing that there is more downward trend continuation.

Shortterm target is the 0.618 fib retracement level @ 0.8900.
Longterm target is the 0.8070 support of the lower downward trendline and the 1.27 fib extension level.
Transaction en cours:
For now this is working out fine. Down 80 pips already.

snapshot
Trade fermée: cible de profit atteinte:
Target reached. Profit 200 pips
Trade fermée: cible de profit atteinte:
Clause de non-responsabilité

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