The Cad/Jpy pair had broken the 200sma SurpriseBox on the 8 hour chart to the upside. The recoil had just formed. Target will be the 84.75 area corresponding to a recent high. Stop will be either at 80.0 or 81.0 according to my risk tolerance. The latter is the low part of the double bottom, the former is the bottom of the recoil.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
The Nzd/Cad pair had broken the 200sma SurpriseBox on the 8 hour chart to the downside. Target was recent low 0.8030, Stop Loss 0.8175. Strong resistance encountered at the 0.8080 area. Bailed out at 0.8088 average with a minimal profit. Will seek better opportunities in the future. For example, the Eur/Usd seems to be preparing for a Head and Shoulders Pattern on the daily chart.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
The Nzd/Cad pair had broken the 200sma SurpriseBox on the 8 hour chart to the downside. Will wait for the recoil. Target will be recent low 0.8030, Stop Loss 0.8175Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
