hongzx123
Short

EURCAD short - 10 November 2016

FX:EURCAD   Euro / Canadian Dollar
60 0 4
Background:
- Back to trading after finalisation of US election
- Long shooting star formed after bursting through 1.492 daily resistance area
- Gap created on the 7 Nov remained unclosed, proves bear defending that price area

Entry:
- Sell stop placed 15 pips below the long shooting star low @ 1.4570

SL:
- About 10 pips above the long shooting star open @ 1.4660

TP:
- TP set at a possible support @ 1.4378
- TP2 can be seen at 1.427 area

Alert:
- Hopefully the post us election price action wont be as volatile after bear momentum kicks in
Comment: Updates - 11 November 2016:
- Trade not yet triggered
- No much movement from yesterday session
- Hold on to the set up
Comment: Updates - 13 November 2016:
- Trade not yet triggered
- Last day of the week continued a inside shooting star candle
- Hold on to the set up
Trade active: Updates - 15 November 2016:
- After multiple day of shooting star candle subsequent to the long shooting day fro election day, yesterday candle gap down and close lower, triggering my sell stop
- As per above, will keep holding on the trade and hopefully will reach my target soon :)
Trade active: Updates - 16 November 2016:
- Phew... this is a close one.... yesterday price started bullish and nearing my SL. Eventually the bear came in and push the price downwards and closed a bearish marobozu candle.
- In this point of writting, the price is 50 pips away from my TP. Hopefully it will realised today and not wait until Friday when Draghi is scheduled to speak.
Trade closed: target reached: Updates - 17 November 2016:
- US session push the candle to hit my TP, earning 200pips from this trade.
- Yesterday candle closed a doji similar candle at the daily support region, with lower low and close.
- However, i think it could go further down to test 1.427
- Nevertheless, i am happy with this trade :)
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