Day 418: Markets still didn’t wake up

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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.

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