Reply To: Do We Have a NZDCAD Bullish Reversal

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#8911
Cristian Ravalli
Moderator

Hey B,

Apologies, for the late reply on this. I didn’t get notified of your post. Strangely. Must have been a technical glitch. Sorry again…

With regards to your trade idea. I don’t see the candle on the weekly as a pin bar. Open and close aren’t in the top 50% of the bar. I can see your rationale on this one though. When I see two similar trades that I like and I don’t want to choose I often just split my risk and place them both. Personally, I prefer to place a power zone setup when there was a false breakout. That way I got more of an indication of where to place my stop.

With regards to NZDCAD, it’s a bit late to comment now, because it’s already moving. I still liked the level it was bouncing off and the RR on it. Therefore I thought this is worth placing a trade on.

What other trades have you got on, at the moment?

Thank you for exchanging your ideas.

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