Longing AUDCAD for a 1:10 risk:reward ratio if we see a pinbar Long

Australian Dollar/Canadian DollarFXCM

Description

⋅ Jul 11, 2015 5:05 PM

Everything is in chart. If we see a pinbar create close to/in the green box at the bottom we go long with a tight 15 pip stoploss and 150pip take-profit.

Comments

AA15

⋅ Jul 11, 2015 6:37 PM

What position would your SL be? Thnx

TheSupportResistanceTrader

⋅ Jul 11, 2015 6:40 PM

A few pips under the bounce from 8th of July (about 0.9393). My first profit level will be at 0.955 right under the 0.236 fib level.