NZDCAD

Jan 29, 2019

The previous trade went through the stop today, but now when looking at it, it's also not breaking up. It has formed a bearish wedge and it is still below that red resistance zone on the left. Therefore i am going to short it again. I will close 30% around the yellow circle, will move stop to entry as well when we close in on that target and i will let the rest run.

Normally i leave an asset when a stop gets hit, but these patterns still look too good.


Previous analysis:

Jan 30, 2019

Note

First target reached, 30% closed, moving stops to entry now

Jan 31, 2019

Note

Damn, that was one nasty move (thank you Mr trump), glad to have to have taken some profit at the first target. Rest stop got hit at entry