Charts, Levels and Strategizing

NZDCAD: Week of 6 January 2025

See daily chart of NZDCAD below for the discussion that follows.

NZDCAD broke support. Should we get a retest of this level (support turned resistance), I will consider going short if I see bearish candlestick price action.

Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

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