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NZD/CAD: Follow-Up Trade +138 Pips

Published 2015-10-26, 01:21 a/m
NZD/CAD
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NZD/CAD Hour Chart

In previous NZD/CAD analysis it was noticed that the price was moving in mark-up phase. It is possible to draw an up-trendline with several touches which represents support line for the price. The following trade was based on near-trendline setup.

  1. Background is strong.
  2. Strong signals (Major Demand, Minor Demand) near the trendline.
  3. Dynamic trend turned from red to green
  4. Entry in a down-bar near the dynamic trend
  5. Exit by reaching TP level

Total +138 Pips

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