Background: - Key reversal bearish candle off the daily channel resistance
Entry: - Sell stop @ 0.7512
SL: - Set at 50% of the key reversal candle @ 0.7578
TP: - Just before the daily channel support at 0.735 area
Alert: - Only 1 bearish reversal candle, however based on previous action from the channel resistance, only 1 reversal candle to take it down. Hopefully is the same for this time:)
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Update - 21 October 2016 - Furious price action, bear bull battle before CHF and CAD news release. - Good sign that candle close at a lower low. - To hold on to trade and see how it plays out
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Update - 23 October 2016 - Strong bearish candle close below previous day low - To hold on to trade and hopefully it will hit my TP
交易开始
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Update - 25 October 2016 - Yesterday session closed a bullish reversal candle, which is more disturbing than my another CAD trade #CADJPY short - 20 October 2016 - Since this a reversal candle, so to reduce my exposure to CAD, i have move the SL of this trade to 0.7530 (15 pips above my entry - some breathing space above 0.75 round number resistance)
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Update - 26 October 2016: - Phew.... a bearish reversal candle close lower into 25 October's hammer - Seems like the market will continue to go south thanks to yesterday bearish close - To hold on to trade and hopefully it will hit my TP within this week
交易开始
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Update - 27 October 2016: - Yesterday session closed a bearish candle and nearly validate the 25 October 2016 Bullish reversal candle - After 4 trading days, the trade has reached 50% of its intended profit, with 60 pips potential to go. - Nothing changes, to keep holding on to the trade, hopefully will reach my TP within this week
交易开始
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Update - 28 October 2016: - Yesterday candle closed a doji and an inside candle within the 26 October 2016 candle - 90 pips in bag with 60 pips in the hunt - This trade seems hopefully with mild stall at the 24 October 2016 candle low - SL moved to entry point and keep hold on to the trade. - Hopefully today can hit my TP...
交易结束:到达目标
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Update - 29 October 2016: - Hooray!!! Target hit finally after 7 trading days - Yesterday candle close a bearish marubozu - Currently the price approaching the daily horizontal support and channel support, maybe this might provide an opportunity for long? Lets leave this for next time :)