The markets were completely dead today which made it hard to trade. On slow Monday’s it’s best to not get too greedy and be patient; even if that means not trading at all.
One trade I did find was a short NZD/CAD. It’s not a pair I normally trade, however, it’s at a really good position if history will repeat itself. Rather than describing it with words, I’ll let the picture do the talking.
Here’s the macro weekly view of NZD/CAD. Look at the potential.