TiborVrbovsky

AUD/CAD in Bearish Formation.

Short
TiborVrbovsky Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUD/CAD is in a Flag formation, coming out from a leg down, which is expected to result into another leg down.

I am in since 0.95642 and I am taking profit sligthly above 300 level.

For the current setup to remain with a good risk reward ratio, I reccomend taking profit slightly above 0.95220.

Good luck with this trade, looks all good to me!

Tibor
Trade closed: stop reached:
I didn't survive the stop loss hunt, -10 pips

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.