AUDCAD Short Opportunity with 3:1 Reward:Risk ratio Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Apr 9, 2015 6:39 PM

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