NZDCAD will remain a bullish trend as the pair hunts down previous LowerHighs. Setting the circles for potential take profits and the blue box for a stop loss you can expect at most a 20pip opportunity.
Be patient and wait for a new HigherLow to form in order for a lower risk to reward ratio when placing your stoploss, otherwise you can still place your stop...
Confirmation bounces of the support and resistance trendlines strengths... AUDCHF will be looking for a break out point at either side for potential profit taking. ALSO take note of the past high/lows if the market exceeds those points its a positive confirmation that an uptrend has broken and a new down trend could potentially be created, or just preparing for a...
Huge Candle Just formed. Potential huge bullish rise however i'm just reaching for 20+/30+ pips profits. Suggest IF YOU CAN to up your lot size for this potential swing movement. Adjust your trades appropriately.
The Stoploss was hit on the first trade. However this was only due to a misjudgement on the area of bounce before the up move. Re-Entered the market when the stop-loss was hit and aimed for TP1 Which was hit for a 60pip movement!! :) :)
Sometimes you gotta be aggressive with the market.
Beginner Trader - After applying my analysis on the chart and having previous success with this currency pair... after USDCAD hits the support line it will bounce right back up towards that level of resistance. Providing a trading opportunity to collect 50+ pips.
