Week 8 assignment (EXHIBIT L) for NZDCAD by PROSHERIFF
Short on NZDCAD
1. Bearish Rising Wedge can be seen on the 15-minute chart.
2. The Breakout has occurred with a decent retest of the trendline.
3. Take profit level is calculated based on the height of the wedge.
4. TP1 = 0.80727
5. TP2 = 0.80350
5. SL = 0.81214
6. RR ratio of 1:2 is in play for this trade.
1. Bearish Rising Wedge can be seen on the 15-minute chart.
2. The Breakout has occurred with a decent retest of the trendline.
3. Take profit level is calculated based on the height of the wedge.
4. TP1 = 0.80727
5. TP2 = 0.80350
5. SL = 0.81214
6. RR ratio of 1:2 is in play for this trade.
Trade closed: target reached:
TP1 HIT