The Nzd/Cad made a brake to the downside of the daily 200sma SurpriseBox several days ago. This brake was out of a head and shoulders pattern. Shorted on the flag formed on the 15min chart; but lighten up my position after it broke to the upside instead of the expected downside. Longer term, still expecting to go lower due to the head and shoulders broken verified by a gap and not reaching the target.
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
