For last couple of weeks I've been tracking NZD-CAD, looking for a move to a downside. The break was not happening, so kept moving my entry just under most recent low. Finaly the move came last Friday. It fast and furious. By that time my sell was at 0.7905, with a target of 0.7805. It was reached in a little over 2 hours. 100 pips.
http://img249.imageshack.us/img249/73/nzdcad3editedqm8.jpg
Most likely I'll be returning to this cross in not too distant future. For now however focus goes elswhere, CAD-CHF to be exact. My plan is to buy it at 1.1400 and trying to reach 1.1600, or 200 pips. Chances are it will take 2-3 weeks, but I like the set up here
http://img152.imageshack.us/img152/1748/cadchfeditedyx1.jpg
As always, click on the links to see the charts.
Now we sit and wait.
Granicus
http://img249.imageshack.us/img249/73/nzdcad3editedqm8.jpg
Most likely I'll be returning to this cross in not too distant future. For now however focus goes elswhere, CAD-CHF to be exact. My plan is to buy it at 1.1400 and trying to reach 1.1600, or 200 pips. Chances are it will take 2-3 weeks, but I like the set up here
http://img152.imageshack.us/img152/1748/cadchfeditedyx1.jpg
As always, click on the links to see the charts.
Now we sit and wait.
Granicus
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