NZDCAD H4 - Long Trade Setup

Long

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

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NZDCAD H4 - That whole number support seems to be holding quite well, double bottom , failed to set a lower low from H4 support, neckline is around 1:1.5 so we could be sat risk free ahead of the next resistance price. 50 minutes until H4 close

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Comments

This trade idea is surely the epitome of catching a falling knife. 🤔

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StewySongs

@StewySongs, Depends how you trade, 0.90 is a big psych price, double bottomed already, previous H4 support. Meets our confluence criteria. RR is good enough, just a matter of position management.

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StewySongs

@StewySongs, seemed to work out well! Did you follow the trade?

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