I have a swing trade for you today. You can see a big bearish engulfig candle has formed on the NZD/CAD daily charts. Enter short with a stop order at 0.9448 and aim for .9352 for around 96 pips. It is a counter trend trade, that’s why I am not aiming for much more, but if you have patience you could wait all the way to .9217 for a 231 pips run. Keep your initial stop at .9561 and move it to Break Even when the day closes under .9397
Let me know if you have any questions regarding this trade and how it went for you.
4 replies to "A Swing Trade on the NZD/CAD, good setup but countertrend"