NZD/CAD
Long
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NZDCAD : Long Setup with Potential Buy Zone

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Hello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :

The US Dollar Index has been rising for the full 103 weeks :

snapshot

Terminal Status in these 107 weeks:

snapshot

When we look at the terminal, NZD and CAD seems equal in terms of both positions,but NZD is more discounted.

Recommended parameters:

  • Position Size : %0.5

  • Risk/Reward Ratio : 1/1.87 (But if we get an opportunity inside Buy Zone, this rate can become more valuable.)

  • Stop-Loss : 0.84575

  • Goal : 0.86196


NOTE :

In the case of a negative scenario, we may have to try again ,
so let's keep the position size in small amounts.
And let's consider the Buy Zone (Yellow Area).

Regards.
Trade fermée: ordre d’arrêt atteint
TP1 Reached but stop-Loss reached too

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