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jvaledon

NZDCAD Potential LONG Swing Trade

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
jvaledon Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis
3
1
trendanalysis
Hi, price has approached a monthly level and is being rejected. On the weekly time frame it looks like the bulls stepped back in the game and are looking to push the price up. On the daily time frame the bulls have won for the past 3 days so I am looking to trade this LONG and keep it for a few weeks. A very good risk to reward ratio at about 4:1 with the potential for 900 pips with only a risk of 200 pips. Thanks for reading and good luck!
Comment:
Up over 500 pips in profit. Just one trade like this a month will do wonders to your account..
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