NZDCAD! BULLS ARE BACK IN TOWN! Long-term
Updated
Long term i see bullish moves on the weekly chart for NZDCAD. The top of a channel was just broken and NZD has had a considerable amount of strength over CAD for a couple weeks now.Previous resistances are now being used as supports.
Trade active
Entered a long Position after the break and retest of a reversal chart pattern. entry was .8836 with a 20 pip stop loss risking 1% of our account. At the time of this post we are currently up 60+ pips. Our 1:3 target being hit where we took partial profits for a gain of 1.5%. Letting the other half of the position run with trailing stops 10 pips in profit for every whole number of RR starting after 1:3. at 1:4 we will move our stop another 10 pips into profit.
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