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Whitecoat_Investor
Aug 5, 2016 1:27 AM

NZDCAD Divergence - catching the pullback Long

New Zealand Dollar/Canadian DollarFXCM

Description

This is my first post (woohoo) I've been forward testing this strategy for some time now and I like the way its been working so I'm going to start posting it from here on out. Thanks to all that view and comment and I hope to add value to the community.

Catching the pullback on FX:NZDCAD
1. defined uptrend
2. divergence on Stochastic
3. trend line intersection with price action
4. pullback to price action level

Happy trading

Trade active

45 pips in profit & fighting a weak supply zone from yesterday on the 30M chart. It should have no problem passing this level and riding to TP1

Trade closed manually

Trade closed in anticipation of NFP. 40 pip profit
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