NZDCAD Short

10 ก.พ. 2019

Price made a trend changing LL a few weeks ago, finding support that is still holding price up. We made a nice LH after bouncing off support, and have moved lower now to re-test it. The 20 has crossed below the 50 Day SMAs and price is trading below them both as well. We are watching for a break of this support for a continuation lower. This trade can be played via a breakout below support, or wait for a re-test on a pullback to the broken level.