(J) Trade 11: Trend following Short #Forex
Update 3: Closed second half at 0.8420 as we are approaching weekend as Carney will talk on Sunday
Profit= $431+949.5= $1380.5
Balance= 29 211 + 1380.5 = $30 591.5
Update 2: First Target Hit, closed first half and Moved stop loss to break-even for the rest of the position.
Update: The Trade is Active
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Trade 11: Pending Short NZDCAD @0.8550
S.L @ 0.8590
T1 0.8491
T2 0.8415
For $29,798.94 Balance, Position size = 1.8 lot
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Reasoning
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Technician
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Profit= $431+949.5= $1380.5
Balance= 29 211 + 1380.5 = $30 591.5
Update 2: First Target Hit, closed first half and Moved stop loss to break-even for the rest of the position.
Update: The Trade is Active
===========================================================================
Trade 11: Pending Short NZDCAD @0.8550
S.L @ 0.8590
T1 0.8491
T2 0.8415
For $29,798.94 Balance, Position size = 1.8 lot
===========================================================================
Reasoning
- Overall trend is down
- Recently completed a bearish breakout below main support around 0.8600
- Shooting star candle
- Short term overbought signal on Stochastic
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com