With the NZDCAD we have the reverse situation as I writed in the EURAUD analysis , it is in an downward rally, is inside correction and is finding an historic support area coinciding with fibonacci level of 38% and is touching the 300 WMA. It could be a signal showing the end of the correction.
I draw a trend line (Orange line) and if it is crossed downward and the 150 WMA (Green) is crossed too, I'll open a sell order with:
- Partial close 0.8710
- Stop loss 0.9260.
- Last partial close, moving the stop loss.
Remember:
You Never should convert a Winning position into a lossing position
I draw a trend line (Orange line) and if it is crossed downward and the 150 WMA (Green) is crossed too, I'll open a sell order with:
- Partial close 0.8710
- Stop loss 0.9260.
- Last partial close, moving the stop loss.
Remember:
You Never should convert a Winning position into a lossing position
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.