Descending Channel Opportunity Short

New Zealand Dollar/Canadian DollarFXCM

Description

⋅ Mar 8, 2016 4:46 AM

This is a great opportunity to catch a 2:1 risk to reward ratio trade on a downwards descending channel. The trend has reversed it's direction downwards over the last 2 months which is in the direction of this trade.

Trade closed: target reached

⋅ Mar 9, 2016 9:02 PM

Made a nice profit of 1.81% on this trade.