NZD/CAD trade 10.06.16

[Adam_R]

Hey fellow traders,
I have only joined up to TFG this week.
This is a trade I have set up on the NZD/CAD.
Let me know what you think.
Thanks all.

 

[Antman71]

Hey fellow traders,
I have only joined up to TFG this week.
This is a trade I have set up on the NZD/CAD.
Let me know what you think.
Thanks all.

I entered this trade yesterday morning after I saw a bearish rejection on an 8 chart, and then price hit the 50% retrace. Exited the trade once price reached the beginning of the gap, which coincided with a turnaround near the 0.9000 level. Because I use areas of support and resistance, my level was up a bit higher.