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YassineMahmoudi

Demand zone+H4 Rsi oversold+ Weekly double bottom

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
YassineMahmoudi Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns
6
0
trendanalysis harmonicpatterns chartpattern
Demand zone+H4 Rsi oversold+ Weekly double bottom
Trade active
Comment:
The market playing well in our favor, + 53 pips. I hope you guys did not forget to place your stop loss @ breakeven.
Comment:
The importance and the necessity of the stop loss (@ breakeven, in this case) are major since we have another demand zone about 90 pips down from the current price. The market can easily drop to the area of 0.8640 - 0.8590.
Comment:
+ 70 pips! now @ 0.8800. You can close the position or keep risking but place your stop loss now @ 0.8765
Trade closed manually:
+ 90 pips. I'm out of the trade @ 0.8820
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