AUD/CAD, DAY CHART, SHORT (24-DEC-2016)

Note: AUD/CAD is following what we predicted
last week and 2 weeks ago.
Overall, we are bearish on this pair.

We are looking for the price correction/pullback to
the resistance zone near 0.977 level and a bearish
signal to short with the right risk.

It will be a high R/R ratio trade :)

Trade active:

Zoom into H4 Chart, the price pullback to the support resistance line at 0.978x level and having a 2B Reversal signal.
A good signal to short.

EP: 0.97540
SL: 0.99177
TP1: 0.96188
TP2: 0.94018

Trade active:

The price is moving down now.

This time, we will carry the trade over weekend.
So we decided to move SL to Breakeven point.
Now it is a risk free trade :)

Trade active:

AUD/CAD is approaching our TP1.

Remember to shift our TP1 to TP2 :)

Trade active:

Now, we move our TP1 to TP2 at 0.94163

Trade closed: stop reached:

Hit our Breakeven Stop Loss.

We look for another opportunity to entry the trade again