Hi everyone:
I see an opportunity to take NZDCAD short as daily chart formed a nice Head and Shoulder
Pattern, multiple bearish reversal candles formed.
1 HR chart broke down the support trend line, waiting for a retest @ 50 EMA, 0.38 fib
retracement, trend line, and pivot to take it short
Target 1: 0.9445 (2% Profit)
Target 2: 0.9300 (5.62% Profit)
Thank you for your support and feedback.
Trade: #15 (2017)
Date: 01/26/2017
Time: 02:00 GMT
I see an opportunity to take NZDCAD short as daily chart formed a nice Head and Shoulder
Pattern, multiple bearish reversal candles formed.
1 HR chart broke down the support trend line, waiting for a retest @ 50 EMA, 0.38 fib
retracement, trend line, and pivot to take it short
Target 1: 0.9445 (2% Profit)
Target 2: 0.9300 (5.62% Profit)
Thank you for your support and feedback.
Trade: #15 (2017)
Date: 01/26/2017
Time: 02:00 GMT
Note
Here are the daily and weekly charts:Trade closed manually
Result: Break-even.1 HR chart dropped down, gave me a nice 1 % profit, but then broke up resistance of 50 EMA, and main pivot. Manually exit the trade at break even entry price @ 0.9525.
Date: 01/27/2017
Time: 14:00 GMT
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Related publications
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.