NZDCAD 100PIPS SHORT POSITION

New Zealand Dollar/Canadian Dollar FX:NZDCAD
EUROPIPS



We are looking for a trend continuation here, waiting for confirmation on that triangle pattern to breakout and enter a sell position around 0.8907 and hope for it drop 100pips. it’s a dangerous trade because of news coming on NZD (wednesday) and CAD (friday). On the other hand NZD interest rate decision could launch price back to 0.8950 zone (i believe it wouldn’t any go higher) and thats why we will choose to place a higher SL. lets see what happens !

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