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TAS_is_Goliath_Capital_Growth
Mar 30, 2016 8:10 AM

NZDCAD CYPHER Hitting R2 Short

NEW ZEALAND DOLLAR / CANADIAN DOLLARICE

Description

Cypher forming on the 4H.
PRZ at Daily R2
CORRELATION
1-Bearish Cypher
2-Daily R2
3-Recent support área
4-Daily down trend

Pair Correlation, if you enter this don't enter the next pairs.You'll be dobling risk.
AUDNZD -90.1% (negative correlation)
EURCAD +89% (Positive correlation)

Comment

Waiting on confirmation, either Moving average cross or Haikin Ashi candles

Trade active

Entered Short on Haikin Ashi 15 minutes confirmation

Comment

Break Even on reentry of channel

Comment

Price found hard support at 61.8 fibo for 24 hours. A lot of dojis..
Puting in break even.

Trade closed manually

Closed in profit Manually before news
Comments
marto_el
I'm in the same trade. Good luck :)
TAS_is_Goliath_Capital_Growth
Thanks, to you too. :)
TAS_is_Goliath_Capital_Growth
Going your way:)
marto_el
Yea, pain free trade. I'll probably add to my position on the next pullback :)
marto_el
Waiting for a lower low lower high
TAS_is_Goliath_Capital_Growth
wait for the reentry on the channel, it might bounce back
marto_el
we may form a head and shouders there. A test and rejection of the 0.90 level will be my trigger for continious down movement. It is also a test of your chanel from what I see. cheers :)
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