NZDCAD | Short H4 | Market Exec | Pure Retracement Play

Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement

Suggested Trade:
Entry @ Area of Interest 0.8210 - 0.8230
SL @ 0.8244
TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8151
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)

________________________________

Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!

If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

If you want something analyzed, do drop me a DM. :D

________________________________

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.

Any websites / brokers / applications suggested here are also provided as informational purpose only.

________________________________

Commento:

SL was hit, but reentering the trade again with the same SL.

Trade chiuso: stop raggiunto