NZD/CAD - POTENTIAL WAVE COUNT (WAVE 5 LEFT)
As indicated by the chart we should start expecting a deeper correction before one last push to the downside. Should the count be incorrect, the possibility exists that the pair could just take off from the Buy Zone I highlighted on the chart. However, I still strongly believe there's one more leg to the downside in order to complete a much bigger correction of a higher degree. For the moment though this anticipated pullback can be traded.
My personal details:
Long @ E: 0.8650, SL: 0.8580, TP: 0.8900, RR: 3.57
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
Long @ E: 0.8650, SL: 0.8580, TP: 0.8900, RR: 3.57
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
The candlestick version of the chart
