laughingchartist

NZDCAD [1-3 days view] ---

Short
OANDA:NZDCAD   NZD/CAD
SHORT NZDCAD with high conviction (---)
Entry: 0.90655
SL: 0.90580
TP: 0.88500


Great risk reward trade.
Bearish divergence posted on MACD.
MACD is peaking where market reversed before.

Previous trade did not trigger entry. Due to a change in market structure. As such, this is an update.
Trade active:
Market bounced and touched entry at 0.90655 last friday (25th Jan 2019).

Market drifted lower today. Protect profits by putting trailing stop 2 pips below entry. This trade is now risk free.
Trade closed: stop reached

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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