NZDCAD : Long Setup with Potential Buy Zone
Updated
Hello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
The US Dollar Index has been rising for the full 103 weeks :
Terminal Status in these 107 weeks:
When we look at the terminal, NZD and CAD seems equal in terms of both positions,but NZD is more discounted.
Recommended parameters:
NOTE :
In the case of a negative scenario, we may have to try again ,
so let's keep the position size in small amounts.
And let's consider the Buy Zone (Yellow Area).
Regards.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
The US Dollar Index has been rising for the full 103 weeks :
Terminal Status in these 107 weeks:
When we look at the terminal, NZD and CAD seems equal in terms of both positions,but NZD is more discounted.
Recommended parameters:
- Position Size : %0.5
- Risk/Reward Ratio : 1/1.87 (But if we get an opportunity inside Buy Zone, this rate can become more valuable.)
- Stop-Loss : 0.84575
- Goal : 0.86196
NOTE :
In the case of a negative scenario, we may have to try again ,
so let's keep the position size in small amounts.
And let's consider the Buy Zone (Yellow Area).
Regards.
Trade closed: stop reached
TP1 Reached but stop-Loss reached too
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