NZD/CAD - POISED FOR UPSIDE?
From the looks of it the pair is found in a 4H Flag Consolidation. Should it break to the upside we are then looking into the potential of an Inverse Head and Shoulders forming which should indicate some further upside for the pair.
My personal details:
E: 0.9028
SL: 0.8980
TP1: 0.9100, TP2: 0.9268
RR: 1.5, 5
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
E: 0.9028
SL: 0.8980
TP1: 0.9100, TP2: 0.9268
RR: 1.5, 5
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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