The yellow and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
Quick update from NZDCAD trade idea earlier on.
Take profit target was hit a few hours after the alert pinged.
That made it 3 out of 3 trades for this strategy.
All trade details are shown on the chart.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I...
Welcome to our Trade Setups - June 01th ( NZDCAD ) !
ENTRY LEVEL @ 0.87508
SL @ 0.87101
TP @ 0.88321
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
NZD/CAD Signal (Daily Timeframe)
A high probability, entry to go SHORT is forming @ 0.90366 after the market found resistance @ 0.92347. Only the upward break of 0.92347 would cancel this bearish scenario.
Stop loss: 0.92347
Take profit1: 0.89197
Take profit 2: 0.87216
Take profit 3: 0.83987
wag wan trading fam, another short it looks like here. rejection of the 61.8% as well as the descending trend line. SOOOO its looking decent for a short. Watch out for wick fishing up top the 100% and make sure stops are above this. Lets see if we can ride this one down further. Enter upon a 4 hr rejection candle of the purple box shown.
200 PIP GAIN 5/1 RR
NZDCAD also looking promising for shorts. We will need to wait for it to reach the purple box region which has been placed around the 0.86500 level, this also meets with the trend line as well as the 61.8% level giving us multiple confluence for this to be a level of interest.
However, we need to wait for further rejection of this zone, so multiple 4hr candle...