The Nzd/Cad made a brake to the downside of the 200sma SurpriseBox, when looking at the daily chart. This brake was out of a head and shoulders pattern. The stop will be placed at the top of the long candle out of the box, after gap and the target will be near the 800sma (purple line). Started probing a short position, will add on a expected pullback. The trade was posted in twitter (@surprisetrade).
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
