Spot fx short set up for the NZDCAD pair as price moves breaks up to .8785 with a stop at .8810. Target is .8660. 125 pip reward for a 25 pip risk. 5:1 RR. Price shown is the 240min time frame but the levels drawn are seen more clearly on a 30min time frame.
Not
Trade stopped out for -25 pips - I forgot to check for news today and this week and it cost. NZD had three key releases today starting with the employment change q/q and tomorrow they release 3 pieces of information that will create volatility. Should have stayed on the sidelines until after Wednesday afternoon.
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