FX:NZDCAD   New Zealand Dollar/Canadian Dollar
As illustrated, I was looking for a buy on this pair. We broke structure on the 4HR time frame indicating we were ready to continue buying. So I waited for price to do what it needed to do in order to take the buy up. I entered with a 10-12 pip stop loss hoping for about 80 pips. We came into my area and had showed great signs of strength. I didn't like how we came back to the entry 2 more time so I ultimately closed out on my position with 35 pips in profit (no complaints). Looking back on the set-up I should have been more patient because if you notice we never closed below my entry area. We just continued to wick around that area and still maintained a bullish structure. With this set-up, I was relying heavily on dollar index because I didn't know the intended direction of it. Reason being is because if DXY trades higher, USDCAD will be bullish and NZDUSD will be bearish and vice versa which would make NZDCAD trader higher or lower depending on that. As we know now, DXY has finally showed us that we officially bearish which gives momentum for this pair to trade higher. Patience pays in the long run and this is something I am still working through but getting better each and every day.
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