(Long) NZDCAD - TP April'
Updated
I'm new to Trading, having only being a TradingView member for a few days so please be mindful when giving criticism & feedback.
In this optimistic analysis I was thinking of a long-term LONG on NZDCAD. Having the 1Hr Resistance Line invalidated by the Bullish Spike @ March 12th, I believe the price action to retrace to the drawn trend line.
I believe it will follow the trend line upwards towards to the 4Hr resistance line, a nice 110-130pips depending on what point of the trend line you instigate the trade.
I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/
My personal tutor is Masum, a Top Author on TradingView; uk.tradingview.com/u/masumhussain/
In this optimistic analysis I was thinking of a long-term LONG on NZDCAD. Having the 1Hr Resistance Line invalidated by the Bullish Spike @ March 12th, I believe the price action to retrace to the drawn trend line.
I believe it will follow the trend line upwards towards to the 4Hr resistance line, a nice 110-130pips depending on what point of the trend line you instigate the trade.
I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/
My personal tutor is Masum, a Top Author on TradingView; uk.tradingview.com/u/masumhussain/
Trade closed: target reached
TP hit.Followed exactly how I'd predicted. Happy with this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.