The NZDCAD has been a nice mover after the election, not too extreme like the some of the other pairs, just enough volatility that we can work with.
We seen this pair drop a monster sell signal up the top of the previous move, I did post about it but we were unable to get a pull-back entry to tighten our stop loss.
Now after a big drop, and breaking an important weekly level, this pair has dropped another big sell signal for us.
The weekly level is now holding as resistance, and the rejection candle formed at the first lower high for this bearish market.
Hopefully the market will pull back for us to trigger our sell limit orders.
The MT4 Battle Station also picking up the obvious signal for us. Today I am showing the alert on my Android S7 – I like this phones over iPhones, but I prefer the format for the notification on the iOS systems.
Best of luck on the charts.
Mario
Powerful set up! Ive watching this pair with both eyes.
Rick
Keep the analysis coming and also don’t forget to keep posting the YouTube videos…..I’ve watched them all a number of times!