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New Zealand Dollar/Canadian Dollar
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NZDCAD Long Trade Setup

Por charles-okoukoni
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A bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.

NZDCAD
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Trade fechado: stop atingido
Price crossed my stop loss and automatically took me out of the trade. I believe the loonie benefitted from the positive CPI m/m and Core CPI m/m values for the dollar. Nevertheless, trading continues...
bullishsetupbuysetupChart PatternsTechnical IndicatorskiwikiwilongloonieNZDCADNZDCADANALYSISnzdcadlongnzdcadlongsetupTrend Analysis
charles-okoukoni
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