CaptJava

AUD/CAD Testing new strategy

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Entered short as it looked like it was extended. Playing it back to the channel trend line . Problems with the entry was it was a tad early, and support was right there 0.945 area. It plowed through that area more rapidly that I thought. The idea was to play it to the trend line and then trail it out.

It worked, but I'm not sure it was the strongest trade.

Trade closed: stop reached: Trailed out with small paper profit.