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Trade_Simple_FX
Apr 22, 2021 10:36 AM

NZDCAD H4 - LONG SETUP Long

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD H4

Little bit dangerous here as it looks like we have marginally cracked beneath support and we are trading sub 0.90.

However, we are still evidently up-trending, fib pullbacks tie in nicely with our 618 support zone. And no doubt looking to the left we still have an element of support. Currently jumped in this with a small 0.3% risk, 1:5R.

Should be able to jump out if I get in trouble.
Comments
lmforex
thinking the same but around 0.893
Trade_Simple_FX
@lmforex, I see where you're coming from, I closed out for a -5 just after the 2pm H4 closed.
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