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tomturner1752
Aug 11, 2019 12:28 PM

AUDCAD - Short Opportunity  Short

Australian Dollar/Canadian DollarFXCM

Description

Very strong downtrend on D1 timeframe. Price has just retraced to the 0.382 retracement level, with some bearish price action on lower timeframes. Would be a slightly late entry but still room for sufficient profit. Waiting for bearish confirmation on H1 timeframe.

SL - 0.90350

open take profit - pay attention to price action for appropriate exit. 0.88240 would allow for a R/R of 2, so is a good price to aim for.
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