FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This post is just a trade update on my previous post on when I entered the trade.

A couple of days after the trade was entered, It has formed a common triangle chart pattern. Now there are ways to trade both ways going up or going down. But since I am already in a short trade, I must manage my trade to ensure that there is still profitability. Since there is a possibility that the price may break to the upside, I will change my stop loss to more than break even so that I will have a little profit if the trade goes against me. And since a triangle formation has formed, if the price breaks to the down side, we will take advantage of a possible momentum that it may bring so I am also increasing my take profit.

If you want more analysis, check out my site.
http://www.razoteforex.com/
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out