Mr.Pip
Short

NZDCAD SHORT (Weekly) #29

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
193 0 5
Starting from now on I am going to start getting into detail as to why I am taking these trades.

1. Weekly Rejection
2. Failed inverse head and shoulder
3. Mean Reversion
4. REJECTION

On a serious note, if prices are being rejected with a confluence of many other factors, the odds are in the favor of sellers. Now, this isn't a guaranteed winning trade. Anything can happen that is why I am risking 1% of my account to cease this opportunity (if I get triggered).
Trade active: This is why patience is important!
Trade closed: stop reached
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