CADNZD - W - LONG

Dear traders,

Here is a new LONG signal on CADNZD :
Entry : 1.1270
SL : 1.0631
TP1 : 1.1978
TP2 : 1.2681
TP3 : 1.3942

Reasons for this short: We have an intersting setup on CADNZD, with all relevant TF being bullish. Signals on daily, weekly and even monthly are respected. That's why I'm shooting for a long here with very large TF (in months, if not year). SL is quite large so adjust lot size accordingly.

Trade with your own diligence,
GL HF

Comment:

This trade is doing great :

On daily TF (remember we trade the weekly), it's a very nice setup looking for more upward.

Comment:

There has been a pretty big reversal recently on this pair and I'm now excepting a rebound around 50RSI.

If downtrend breaks this resistance, we may face some losses on this trade.

Comment:

This trade could be much longer than expected.

I still think we finished the bearish move and get back to upper trend, but... we are likely to see a correction that already started but could be bigger.
We are more or less at BE so feel free to close if you want to use your leverage on other assets.

Comment:

We retested the channel, now is the time to go up if this trade is valid.
If not, we shall see if we close this one earlier.

Trade closed: stop reached:

SL hit!