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Smart_Money_Trader
Jan 19, 2017 8:42 AM

taking profits and going short Short

Australian Dollar/Canadian DollarFXCM

Description

After 360 pips bagged for this pair i'm closing the trade. what compels me even more to do so are the problem areas highlighted in yellow and frankly i don't see price even making it to the 62% fib retracement level, this is due to the order block on the 50% fib level identifiable by that last bullish candle right before price took off to the down side. going forward i'll be looking for selling opportunities and the 1st stop is the 50% fib zone.

Trade closed: target reached

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