NZDCAD | Long H4 | Buy Limit | Milk/Oil Economy - 2nd Entry

Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price action is close to a Demand Zone (Yellow Area) & has Support Trendlines around
- Aiming for the next Consolidation Zone of Price Actions

Fundamental Confluences for Trade:
- Very different economies with market data gyration will pretty much determine the direction of this trade.

Suggested Trade:
Buy Limit @ 0.8098
SL @ 0.8051
TP 1 @ 0.8150 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8213
Risk-to-Reward @ Approx. 2.40 (Depending on Entry Level)

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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

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Handel aktiv:

Buy Limit Order hit. Order activated.

Kommentera:

TP 1 achieved. Take profit on half the position & move the SL to Breakeven Levels.

Enjoy the remaining risk-free trade. :D

Trade stängt: målet nått:

TP 2 achieved.

Enjoy the gains! Look forward to the next trade. :D