NZD/CAD 4hr - Hold On Tight Cause These Bulls Are Buckin'!
Welcome to the first published idea with us, we are new to the Trading View community but we are not new to the Forex market!
This trade is just our basic trend trading strategy that we will teach on our new website www.PipsUniversity.com when it is launched within a few days, you can see we have a clear uptrend on the 4hr chart, price went all the way up to 0.90000 and then took a break and retraced back down to around 0.89120.
We have a nice bullish candle that formed today for the start of the new trading week & looks to continue higher, our first take profit will be at 0.90000 which is previous resistance & our stop loss is at 0.89010, which sets this up for more than a :1:2 risk to reward ratio!
Hopefully this helped you guys, and don't hesitate to ask us questions, as a trading education provider we want to show the community we know what we are talking about and help you guys out as well!
Twitter.com/PipsUniversity
Instagram.com/PipsUniversity
Youtube.com/PipsUniversity
Facebook.com/PipsUniversity
This trade is just our basic trend trading strategy that we will teach on our new website www.PipsUniversity.com when it is launched within a few days, you can see we have a clear uptrend on the 4hr chart, price went all the way up to 0.90000 and then took a break and retraced back down to around 0.89120.
We have a nice bullish candle that formed today for the start of the new trading week & looks to continue higher, our first take profit will be at 0.90000 which is previous resistance & our stop loss is at 0.89010, which sets this up for more than a :1:2 risk to reward ratio!
Hopefully this helped you guys, and don't hesitate to ask us questions, as a trading education provider we want to show the community we know what we are talking about and help you guys out as well!
Twitter.com/PipsUniversity
Instagram.com/PipsUniversity
Youtube.com/PipsUniversity
Facebook.com/PipsUniversity