NZD/CAD testing a strategy. Good risk reward
This is a high risky trade but it has 2gud RR. I am trying to develop a strategy. I will take this trade you can take this too if you wish. Remember its risky trade and I'm just starting to test this strategy.
I think it needs to reach at least 0.93800-0.93940.
Price is testing a good support right now, if its breaks that its possible to price fly to the targets. Other idea is price cant break that resistance it will re-test it and going to trend line.
I think it needs to reach at least 0.93800-0.93940.
Price is testing a good support right now, if its breaks that its possible to price fly to the targets. Other idea is price cant break that resistance it will re-test it and going to trend line.
Trade closed: target reached:
TP1
Comment:
On H4, you see Hammer Candlestick Pattern but on Daily that Candlestick is Engulfing Candle. So we can still reach to the targets.
Comment:
I don't know if this going to TP levels, we had TP1 so close this trade +982. It still could go to the levels, I closed now if you still want to keep it this is your own risk. Good luck bros.