TradingView
DonDeesker
Apr 6, 2021 11:43 AM

NZDCAD Long Play 1:2RR Long

NZD/CADOANDA

Description

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
More