Idea Origination

Opened minor short positions in GBPNZD and USDCAD. Looking to scale in on the trades over the next two weeks.

USDCAD
Been contained by significant DMA on weekly chart. Coming up against resistance on daily DMA. Very strong bearish signal but need confirmation for scale-in. Profit target 1.15-1.18 range. Need further color on the trade to pin it down.


attachment.php
 

Attachments

Quote from SchraderTrader:

Opened minor short positions in GBPNZD and USDCAD. Looking to scale in on the trades over the next two weeks.

USDCAD
Been contained by significant DMA on weekly chart. Coming up against resistance on daily DMA. Very strong bearish signal but need confirmation for scale-in. Profit target 1.15-1.18 range. Need further color on the trade to pin it down.


attachment.php
More...

If you are not over leveraged GBP/NZD will make you significant money. Just have patience.
 
Spreads are horrendous on the GBP/NZD 25pips.

Why not go long the NZD/USD for 4pips and short the GBP/USD for 3 pips total 7pips? Use ratio 2.8:1

I was looking for abounce in the NZD but have been way wrong so far it has dropped 60pips since Fridays close.

Cheers
 
Quote from womblevader:

Spreads are horrendous on the GBP/NZD 25pips.

Why not go long the NZD/USD for 4pips and short the GBP/USD for 3 pips total 7pips? Use ratio 2.8:1

I was looking for abounce in the NZD but have been way wrong so far it has dropped 60pips since Fridays close.

Cheers
More...

The spreads may be terrible but the thing is ripe for a correction of at least 500 - 1000 pips.... it's already run a nice course this AM. Added to GBPNZD short.

Broke 1hr DMAs... looking for break of 4hr.... and then it runs straight down

attachment.php
 

Attachments

You must log in or register to reply here.
Back
Top