The Nzd/Cad trade hit first major resistance, the 50sma on the 8h chart. On the 4h chart it made a doji after a gap up followed by a bearish candle (second graph below). Although my belief is that it will reach target, above 0.83, the position was closed. It was over a 50:50 win to risk ratio. Bears makes money, Bulls makes money, Pigs get slaughtered.
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 post 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
