2016-01-12_19-41-22nzdcad

On this chart we will try to enter long if we see that the actual low is able to hold its ground.

We take advantage of the continuous cad weakness due to falling crude prices and try to ride the prevailing trend.

If you want to buy a pair you need to buy it cheap and now price retraced a complete stochastik cycle on this pair.

My recommendation for the pair would therefore be a BUY with a stop loss below the lower bollinger band.

BEST OF PIPS

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.