ShaquanLopez

Forex Journal #2: NZDCAD Counter Trade

Short
EIGHTCAP:NZDCAD   New Zealand Dollar / Canadian Dollar
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.

I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small.

Trade at your own risk and risk level.

I'd love if you can reply your thoughts and like the video for more

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