SimonVerlinde

NZDCAD LONG

Long
OANDA:NZDCAD   NZD/CAD
Weekly:
- Bullish driver
- Bearish candle close

*First time we break the low of the Inv H&S
*Speculating on a false break due to Daily TF

Daily:
- Bullish
- Bigger Inv H&S
- 5 leg -68 FC perfectly tapped
- Clear rejection candle

4H:
- Bullish
- Inv H&S
- Clear retest of the previous LH
- Entry based on wick crossover
Comment:
Continuation pattern entry:

Bigger bullish M + smaller bullish M after reversal pattern
Daily Bullish candle close on bigger Inv H&S zone!
First continuation after reversal
Real selling zone (highest daily zone) is not touched where selling orders are sitting

Trade closed: stop reached:
BE trade Inv H&S

Entry based on wick crossover

SL would have been taking out due to wick going until the head

Price was a little bit in a range


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