Long

NZDCAD: Triangle just broke, buying the pair!

Updated

Hi guys,

I am buying NZDCAD for a couple of pips.

We are above 3 KUMO's and the triangle just broke to the upside.

I am targeting the bottom of the daily KUMO @0.85105

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*** Trade with care and at your own risks ***

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Still long, the pair is pulling back a little bit

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I am adding to my longs

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at these levels

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Still in the trade. The structure was not a triangle but looks like a horizontal channel. We should find support in this level

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at this level *

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Ok not a horizontal channel but looks like a bull flag. Will update tomorrow.

Cheers

Jesse

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Consolidating in this bull flag

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For those who would like to enter the trade, it's safer to consider the pattern as a horizontal channel rather than a bull flag because the entry level is higher and thus more conservative... I will add a bit more to my longs if it breaks it.

Enjoy your day guys and take care of you.

Cheers

Jesse

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Boring day

Trade closed: stop reached

The pair broke the analyzed structure. I'm out

SwissPips

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