jameswright12
Long

NZDCAD Potential Long Set Up

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD has been stuck in this range since November of last year, the set up is very simple, like trading ranges are. Our Buy area is the green box of the bottom of the range, our stop loss is 30-50 pips below that to allow room for a fake out if one was to occur. I have a standard 3 positions per trade, so id be looking for TP1 = 30pips TP2=50pips and TP3= the top of the range +300pips.

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