As discussed last week, I am once again looking at NZDCAD with a short perspective.
The pink ML has yet to be hit, as the value area from around April 17 held price off for now. Price extended quickly up and found resistance where sellers took control previously. At this point in time it also coincides nicely with the pink UMLH and price action gave us a mini median line entry signal.
Can reasonably expect price to bounce off this area and test the recent break from the coil down below. Will certainly be looking to move to break even beyond dashed blue line.
The pink ML has yet to be hit, as the value area from around April 17 held price off for now. Price extended quickly up and found resistance where sellers took control previously. At this point in time it also coincides nicely with the pink UMLH and price action gave us a mini median line entry signal.
Can reasonably expect price to bounce off this area and test the recent break from the coil down below. Will certainly be looking to move to break even beyond dashed blue line.
Trade ativo
Short @ 0.94516Trade fechado: stop atingido
Upon review it would appear that I didn't quite use the MML correctly. In the future I should take care to pull the A point from a more significant pivot.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.