YongLiang
Short

AUD/CAD, DAY CHART, SHORT (16-NOV-2016)

OANDA:AUDCAD   AUD/CAD
The Price breaks the recent upward trendline .
Bounce back from the resistance zone (1.035x), 2 crows appeared at resistance zone , and a strong bearish pin bar followed with few strong bearish trend bars
A Risk to Reward of 1:3 great trade!

Wait for any Pullback and short :)
Trade active: Bought at EP: 1.0030
SL: 1.01764
TP: 0.95460
Trade active: In order to minimize the risk of carrying trade over the weekend.
We have moved the Stop Loss to Break Even Point which is 1.0030.

So, right now this trade is a risk-free trade!
Comment: This pair breaks the support zone near 1.00075 and continues to move down.
And, there are rooms for the pair to move downward further.

Watch any pull back to H4 Chart or H1 Chart and add on another short trade :)
Trade active: Add-On Trade:
EP: 0.98713
SL: 1.00374
TP: 0.95450
Trade closed manually: Due to strong pull back to the bullish side.

Decided to get out of the trade early to minimize the lost at 0.99567.

1st trade get profit of 47 pips
2nd trade get lost of 80 pips.
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