(J) Trade 11: Trend following Short #Forex

Update 3: Closed second half at 0.8420 as we are approaching weekend as Carney will talk on Sunday
Profit= $431+949.5= $1380.5
Balance= 29 211 + 1380.5 = $30 591.5

Update 2: First Target Hit, closed first half and Moved stop loss to break-even for the rest of the position.
Update: The Trade is Active

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Trade 11: Pending Short NZDCAD @0.8550
S.L @ 0.8590
T1 0.8491
T2 0.8415

For $29,798.94 Balance, Position size = 1.8 lot
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Reasoning

• Overall trend is down
  
• Recently completed a bearish breakout below main support around 0.8600
  
• Shooting star candle
  
• Short term overbought signal on Stochastic
  

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