NZDCAD swing
On the weekly chart, this particular currency has reached a bottom low, hitting a strong support and allowing us to look for long-term buys. On the 1h chart, both wicks marked have resisted to break further down, giving us confirmation for the buy. Before placing a trade, look at lower time frames for a good entry with a total movement of 102 pips.
Potential trade !!! look for buys and make sure you manage your money according to your capital.
Potential trade !!! look for buys and make sure you manage your money according to your capital.
Note
As per the graph, the idea of going LONG was correct but the entry point wasn't. Hit SL and it jumped all the way to tp1. For future trade ideas, I will wait for better confirmation and post more trade ideas. This keeps me disciplined and will work harder for better entry points.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.