jetly232
Short

Ascending channel - Sell

FX:EURCAD   Euro / Canadian Dollar
Trend - Short
Nature - Corrective phase
Pattern - Rising Wedge
SL - 50 pips
R:R - 1:6

Rising wedge pattern is suggestive of a reversal in trend. Bearish move forecasted

Even though we have got tagged out for -1% loss. I have re-entered the market again as its a probability model and never know when will it play out
Trade active: As mentioned earlier, its a probability model and you have to take the same trade over and over as long as it has not changed the pattern.
Now trade is in break even and we are running a risk free trade
Comment: We have successfully locked in 1% profit into the trade.
Now there is a bear flag forming so scaling in to the next position.
This way we are adding in more and more into a winning trade.
Incase the trade goes against us, I am still happy with the trade as there will not be any loss.
But if it goes in my direction then will be having 2 trades in the same trend.
Trade closed manually

Comments

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