New Zealand Dollar/Canadian Dollar

Following the bear trend

By martenus.prince

Updated

Simple downtrend analysis. The price has touched the bear line. I setup a trade with 1:4 RRR.

Trade active

snapshot

Trading is going in favour of our scenario, currently in about +30 pip gain. You can move stop to break even for extra security.

Trade active

Almost +50 pips in my favour. Now the price stopped falling, I am in the trade without any adjustments.

Note

snapshot

We have stopped at the support, watching it, but not adjustments done yet.

Note

There was a rocket up, putting our current profits back to zero, the trade is going on.

Note

I add new position.

snapshot

Note

All positions are running in big profit. We might be hitting another support zone now.

snapshot

Note

This big candle was caused by a CAD fundament today and NZD gained some ground. I remain short.

snapshot

martenus.prince

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.