A nice short possibility on the FX_IDC:NZDCAD. The pair has broken the trend line and then has consolidated retesting it, so the entry level is right about now. ENTRY LEVEL: 0.926 SL: 0.9271 TARGET: 0.8 R/R: 1/80 (not kidding, but in the long term) Trade with care. I will post bigger picture and Risk reward ration in an update, in a few minutes. Please like if you think my ideas can help you in your trading.
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Ok I am posting the bigger picture on the daily. I also put the stop above last high (daily close), which seems a bit more serious. R/R to first target is 1/18 ! Don't miss this one! Please like, if you think that my ideas contribute in some way to your trading knowledge. Trade with care. Here are entry, stop loss, and target levels: EL: 0.926 - 0.927 SL: 0.931 TARGET 1: 0.872 TARGET 2: 0.847
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Sorry, RR to Target 1 is "just" 1:11, not 1:18. Thank you for viewing
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Stop hunting a go-go. Trade active.
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Stop triggered, unfortunately. Can sell again now, on the completion of this bearish butterfly pattern on the 1Hr. chart