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thekwest

AUDCAD Short Opportunity with 3:1 Reward:Risk ratio

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
thekwest  
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD aud CAD short
1
0
audcad aud cad-dollar short
Nice setup for a short opportunity with a 3:1 Reward to Risk

Reasons for entry:
- Price finding resistance at 200EMA
- Pin Bar
- Overall downtrend
- Plenty of room for price to fall

Exit Strategy
- Stop 0,9716
- Profit 0,9595
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