TheBourgeoisie

Going short on NZD/CAD

Short
TheBourgeoisie Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
1
Reason for entry: Broke resistance and generally trending down
Any patterns?: No
Divergance?: None
Risk/reward ratio: 2.1
Potential profit: 118%
Indicators: CCI, RSI, MACD all bearish
Multiple time frame support (1W, 1D, 4H): All 3 time frames are bearish
Moving Average: Below MA
Upcoming news announcements: No
How confident are you with your position?: Pretty confident
How do you feel in general?: I feel good
Trade closed: stop reached:
Result: I got stopped out during the pullback but price proceeded to go in my desired direction.
Lesson learned: I need to work on my execution timing!

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