I’ve been stalking NZDCAD for some time. It is a most interesting and challenging currency pair.
In August I was stalking NZDCAD for a short. At that time there was a weekly zone of resistance. Now here at the end of November, the picture has changed. Sound traders shift their mindsets as new information emerges. I’m long on NZDCAD, having contracted to lose a controlled amount (alias stop-loss). This means that I do not know what will happen next. I cannot control the future. All I can do is control my loss.
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