Sell setup for NZDCAD for next week. Its about perfect time we enter this trade. Remember entry is the key. Have an awesome weekend everyone.
And opinions are welcomed.
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NZDCAD is once again in this nice bull/bear fightzone, also fibo resistance. This week we could close above this, so if bulls can show more strengh, i will buy with buystop, as the fightzone should react as a support again.
AUDCAD also broke the down trendline, but AUDNZD is still in a downtrend, so i choose NZDCAD here. Remind that NZD is as AUD is a risk on...
Hard stops on a strategy with low sharpe & low win rate only drains the account.
RISK A FIXED % PER TRADE.
Every trade has it own unique exposure to risk. Risking a certain % means K is constant.
This might not work most of the time.
Averaging down,up/Martingale for profit with no exit plan.
The strategy mostly relies on estimating the...
Wait for a bearish price action from the crossing area - from there where the arrow starts.
Bearish price action = bearish candlestick patterns etc.
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Have a nice day,
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Nzdcad is coming to the SELL zone and I am keeping a close eye on it. Look at the price action when the price came to this zone before, massive correction^^.
***NOTE: All of my plans, you have to patient to wait for the price come close to the EXPECTED ZONE. At that time, you should be at your desk to WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe and...
NZDCAD is approaching our first resistance at 0.9236 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.9074 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where...