Week 8 assignment (EXHIBIT L) for NZDCAD by PROSHERIFF
Short on NZDCAD
1. Bearish Rising Wedge can be seen on the 15-minute chart.
2. The Breakout has occurred with a decent retest of the trendline.
3. Take profit level is calculated based on the height of the wedge.
4. TP1 = 0.80727
5. TP2 = 0.80350
5. SL = 0.81214
6. RR ratio of 1:2 is in play for this trade.
1. Bearish Rising Wedge can be seen on the 15-minute chart.
2. The Breakout has occurred with a decent retest of the trendline.
3. Take profit level is calculated based on the height of the wedge.
4. TP1 = 0.80727
5. TP2 = 0.80350
5. SL = 0.81214
6. RR ratio of 1:2 is in play for this trade.
Trade closed: target reached
TP1 HIT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.