Tradeciety

NZDCAD at important stage - TL setup

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
979 4 37
The NZDCAD             is approaching an important area where the trendline and the previous support/resistance meet.

We are already seeing some strong selling momentum but as long as price keeps trading above the trendline , there is NO reason to short this.

Once the trendline is broken, the short momentum could accelerate and lead to a new trend.

It's just early Monday morning in Asia so you have TIME. Wait for a clear sign and strong monentum breaking the trendline before doing anything.

Patience is the key to successful trading.
I am trading Forex for 12 years and 6 years ago I quit my corporate job to travel the world


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Would you have long if price holds above the support area?
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That drop couldn't have come at a better time for you haha ;) it's looking good.
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Good call. Thanks strong selling. I made a lot of pips......
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Thanks Rolf
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