SHORT ON NZDCAD - TARGET IN THE 0.8 AREA ! NOW!

A nice short possibility on the NZDCAD .
The pair has broken the trend line and then has consolidated retesting it, so the entry level is right about now.
ENTRY LEVEL: 0.926
SL: 0.9271
TARGET: 0.8
R/R: 1/80 (not kidding, but in the long term)
Trade with care.
I will post bigger picture and Risk reward ration in an update, in a few minutes.
Please like if you think my ideas can help you in your trading.

Comment:

Ok I am posting the bigger picture on the daily.
I also put the stop above last high (daily close), which seems a bit more serious.
R/R to first target is 1/18 ! Don't miss this one!
Please like, if you think that my ideas contribute in some way to your trading knowledge. Trade with care.
Here are entry, stop loss, and target levels:
EL: 0.926 - 0.927
SL: 0.931
TARGET 1: 0.872
TARGET 2: 0.847

Comment:

Sorry, RR to Target 1 is "just" 1:11, not 1:18.
Thank you for viewing

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Stop hunting a go-go.
Trade active.

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Stop triggered, unfortunately.
Can sell again now, on the completion of this bearish butterfly pattern on the 1Hr. chart

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Stopped out.