NZDCAD - 4H - Riding the Trend
NZDCAD has been slowly trending downwards this year. now once more we have a chance to hop on board. im looking for a sell at the 618 retracement of the most recent downmove - hope we can get up there. stops at least above the small swing. you can also go short now but i stay patient for better risk reward - or better targets.
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nice pinbar in the entryarea for those of you who pay attention to it.
im short, and tho i could pull my stops above the pinbar. i will still wait abit more to see if we can get some followthrough to the downside. if so, i then will pull my stop above the pinbar.
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will bring my stops above yesterdays highs now. nearly no risk left.
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brought my stops to 8820 after yesterdays break of the lower trendlines. so already some small profits secured, now lets see if we can find some followthrough
