NZDCAD bullish wedge and/or double bottom, Part 2

Jul 17, 2019

Previous analysis worked out very nicely, actually even seen both pattern play out. One quick drop (small bear trap) completing the wedge and because it was a wick also keeping the double bottom alive. So far it is looking very good, almost perfect even. Now this kind of trade can become a big win. If we see that bull flag play out coming days, it's the perfect area to increase the position for the ones who bought the low last week.


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Jul 18, 2019

Note

This asset was impatient it seems, already broke the flag and inside the target zone. I suggest to take some profit here and sit and wait. Maybe even re buy lower (or not). I would keep some because there is more potential here.