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RIP NZDCAD trade recommendation

Discussion in 'Education, Tutorials & Courses' started by ForexLive, Apr 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    CitiFX trade idea stopped out... Last Monday, Adam posted a trade from CitiFX to sell NZDCAD. Reasons cited: On Thursday,I outlined an update of the trade from my technical perspective (). At the time the price was below the 200 day MA (green line in the chart above) and the 100 hour MA (blue line) Both key MA were close to each other. Being below was more bearish. Trade was looking favorable.

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