Week 32: NZDCAD - Short term short

Price is ranging between 2 trenches and is reaching back to the trench above. With price being rejected off the top trench and respecting 200 EMA (mentioned last week), I will look for a short term short of around 70 pips. I think with NZD news next week, price can still go further down but I will focus more on other pairs instead as both NZD and CAD are consider weakening from COT point of view.

Commentaire:

Price did not trigger my sell limit. Giving this a miss.