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YassineMahmoudi
Oct 20, 2017 3:06 AM

Demand zone+H4 Rsi oversold+ Weekly double bottom Long

New Zealand Dollar/Canadian DollarFXCM

Description

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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