NZDUSD price is still below my 50 and 200 MA. Although there’s that green candle that might signal a change in market direction.
While USDCAD is still ranging above my 50 and 200 MA.
I’m thinking of opening a new position, but I’m still gonna look around for now. I’ll update you guys as soon as I can!
So for this trade, I went long @ 0.87368. I put my SL at 0.86868 and my TP at 0.88868. For this one, I just saw the huge green candle and decided to test out my luck and go along with it. I’m currently 65 pips in! And I’m thinking of closing my trade at the close of this candle.
I guess I was just lucky with this one.
I mean 120 pips is amazing to be honest lol I see it continuing to rise, but you could close out partial profits, and keep the rest running
So I’ve decided to adjust my SL and put it @ .88251 to lock in about 90 pips.
I’ll check on the trade again tomorrow to see if it finally hits my TP. Haha. But so far, 90 pips ain’t baaaad!
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Imagine if you were doing standard lot sizes, that would be like $900 lol keep it up and focus on the pips!
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Hmmm. Looks like price is on its way down again for NZDCAD. I’ll check out the charts for the other related pairs to see the currently stronger currency.
Here’s the NZDCAD chart that I’ve been watching slight_smile:
Looks like price is having a hard time breaking below .87000. There’s this green candle that might indicate a reversal, BUT we’re not so sure about that yet. I think I better wait for the next candle to open before finally deciding to open a trade for the week.