NZDCAD Daily Reversal Short Term Buy Trade
Same Idea as the other 3 NZD pairs which has almost exact same patterns. So we have same approach too...
Since NZD has been very strong last week, we expect for it to continue this week for more upside as a possible retracement only on lower timeframe.
So don't forget to manage your trade properly. If you decide to follow this trade, make sure to trail your stop every time a TP gets hit.
BUY ENTRY: 0.869
TP1: 0.874
TP2: 0.880
TP3: 0.888
SL: 0.854
Since NZD has been very strong last week, we expect for it to continue this week for more upside as a possible retracement only on lower timeframe.
So don't forget to manage your trade properly. If you decide to follow this trade, make sure to trail your stop every time a TP gets hit.
BUY ENTRY: 0.869
TP1: 0.874
TP2: 0.880
TP3: 0.888
SL: 0.854
Trade active
Great! Another Buy Order triggered too! Trade now active and let's make sure to manage accordingly.
Note
Note
1st take profit hit..Time to move SL of remaining orders 5 pips above buy entry and wait for price to come to our next target...
Note
Trade closed: target reached
Trade closed at breakeven after hitting Target 1 only for 50 Pips profits...
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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.