SwissPips

NZDCAD: Triangle just broke, buying the pair!

Long
SwissPips Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hi guys,

I am buying NZDCAD for a couple of pips.

We are above 3 KUMO's and the triangle just broke to the upside.

I am targeting the bottom of the daily KUMO @0.85105
Comment:
*** Trade with care and at your own risks ***
Comment:
Still long, the pair is pulling back a little bit

Comment:
I am adding to my longs
Comment:
at these levels
Comment:
Still in the trade. The structure was not a triangle but looks like a horizontal channel. We should find support in this level

Comment:
at this level *
Comment:
Ok not a horizontal channel but looks like a bull flag. Will update tomorrow.

Cheers

Jesse

Comment:
Consolidating in this bull flag

Comment:
For those who would like to enter the trade, it's safer to consider the pattern as a horizontal channel rather than a bull flag because the entry level is higher and thus more conservative... I will add a bit more to my longs if it breaks it.


Enjoy your day guys and take care of you.

Cheers

Jesse
Comment:
Boring day

Trade closed: stop reached:
The pair broke the analyzed structure. I'm out
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