The Forex Mechanics have started shortng on NZD\cad We will gunning for like 100 pips on this pair.
If you Check the weekly Time frame . There are two things we are seeing 1. The well respected Downward Trend which started from 2010 . You said but it break to the North well we don't think so because of the double to at 0.87789 level. When you zoom to Daily there are series of rejection at that level . And The third is that the major trend is down. We have taken the risk of shorting Our first Take Profit will at 0.8597 which is about 178 Pips.
Check Daily Chart Below
Please this is just for educational purpose and does not mean you should trade with us. If you do you are your own.
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