DonDeesker

NZDCAD Long Play 1:2RR

Long
OANDA:NZDCAD   NZD/CAD
Hi traders,

A really nice play has developed on NZDCAD, I am in this trade from 0.88317 with a 60 pip stop loss at 0.87717 and a 120 pip take profit at 0.89517.

Confluence stacks:
  • Weekly, Monthly, 3M zone
  • 4-hour double bottom
  • Break of trendline
  • Daily star formation entry candlestick

Downside:
  • Trading into Weekly and Monthly 50 EMA

Best regards,

Don Deesker
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