Trend Continuation Trade on NZDCAD

15 mar 2022

• Price has hit a reversal point on the daily.
  On the 4H chart, price has been making new structure highs whilst making 3 trendline touches (but not closes below)
  Price has recently retraced into a recent level of structure support.
  Price also retraced into the 382 Fibonnacci level.
  Price rejected at recent support and entered into a descending channel.
  Entered on the bullish pin bar.
  Stop loss set 1.5 ATR below entry
  Take profit set in consolidation area
  

NZDCAD

30 mar 2022

Trade chiuso: stop raggiunto

Stopped out on 16 March 2022.

-1R trade