NZDCAD dropped like a rock and immediately hit our Super Forex Launcher dynamic support. Sudden and extreme drops like this usually have a retracement even if it’s a short bounce. And we are thinking this is a good sign of a bounce in NZDCAD. Below is our order….
- Buy Stop: 0.91346
- Stop Loss: 0.90952
- Take Profit: 0.91800
We will have this stop order in place and only want to get into any bullish position only when the Bulls decide to charge north. If you would like to learn how to trade using the Super Forex Launcher Indicator, click here to learn more.
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