$100k Challenge - EURNZD Short - Trade Update - E36 T1
Hey all!
This one is a late update to the trade, I've had some crazy busy days lately... and we're back!
We have another take profit for the challenge! There's also strong selling pressure hitting the daily support area. Given that we traded the breakdown of an ascending channel, I consider we can see a continuation to the downside. If the market proves that the sellers have the upper hand, we are set to have a great ride!
For now, given that the bearish move was strong with almost no pause, I'll move the stop loss to break even as a precaution. I'm looking to give this trade enough breathing room for the time being so we can maximize profits. In case the market does start to show signs of a reversal around the support zone, I'll consider bringing down the stop loss
This one is a late update to the trade, I've had some crazy busy days lately... and we're back!
We have another take profit for the challenge! There's also strong selling pressure hitting the daily support area. Given that we traded the breakdown of an ascending channel, I consider we can see a continuation to the downside. If the market proves that the sellers have the upper hand, we are set to have a great ride!
For now, given that the bearish move was strong with almost no pause, I'll move the stop loss to break even as a precaution. I'm looking to give this trade enough breathing room for the time being so we can maximize profits. In case the market does start to show signs of a reversal around the support zone, I'll consider bringing down the stop loss
