NZDCAD: Potential uptrend continuation trade

$NZDCAD offers a low risk buy opportunity here. You can establish a position buying gradually at the close of each day until Friday's close. Position size should be 0.15 lots per every 10k in your account more or less. A stop loss is detrimental, but we want to see the low hold for a week here.
Potential upside is considerable, so it's worth taking this trade as a nice alpha source in your portfolio.

Good luck,

Ivan Labrie.

Commentaire:

On track, once above the resistance at 0.94554 we can expect a massive rally in this pair.

Trade fermée manuellement:

It gets tricky here, better to swap this position for an NZDUSD long.