First Entry was at 0.8659 Second Entry is pending order at 0.8674 Stop is at 0.8702 Target is at 0.8616
I have 5 reasons to sell NZDCAD for a daytrade.
1. Currency Strength Meter CAD is strong NZD is Week 2. Trendline Support 3. Support Zone Intraday 4. Market Profile from yesterday 5. Bearish Divergence Signal
The Rules: If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
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