NZDCAD Short as price comes into supply on a 30min TF
Updated
Spot fx short set up for the NZDCAD pair as price moves breaks up to .8785 with a stop at .8810. Target is .8660. 125 pip reward for a 25 pip risk. 5:1 RR. Price shown is the 240min time frame but the levels drawn are seen more clearly on a 30min time frame.
Note
Trade stopped out for -25 pips - I forgot to check for news today and this week and it cost. NZD had three key releases today starting with the employment change q/q and tomorrow they release 3 pieces of information that will create volatility. Should have stayed on the sidelines until after Wednesday afternoon.
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.