My trading plan for the NZDCAD

Happy Valentine’s day everyone!

What are your thoughts for the NZDCAD? Right now it is trading in a short term range, so for now range trading, but I‘ll be ready if it breaks either extreme of the range:

If it trades in between 0.8348 and 0.8264 I’ll keep trading the range, short opportunities around the top of the range and long opportunities around the bottom of the range.

If it breaks the upper resistance level, it will trigger a bullish market condition and only long opportunities will be in play.

If it breaks the bottom of the range (0.8264) I’ll only be looking for short opportunities.

What do you think?

Good luck!

Raul Lopez
Forex Training

Tags: ,


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .