g2-rockach
Short

Doji candle confirming new resistance level?

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
139 1 2
NZD/CAD at a significant area which can be seen from the weekly chart. On the daily chart it is looking like the previous well held support level has broken. I will be looking for price to break below the doji to confirm this as a valid entry. Stops can be placed above the previous support area or above the high of doji , depending on your risk. If we get a close above resistance level on 4 hr/1hr chart trade cancelled.
This is only my idea and not a recommendation.
Both targets hit and 88 pips profit. Not my favourite pair because of the large spread but can be profitable.
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