OANDA:AUDCAD   Australian Dollar/Canadian Dollar
36 0 3
Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 2.91%
Reward: 5.05%

Reasons for entry: Showed rejection of the 61.8% fib, and it's below a broken bullish trendline , so bias is short.

Reasons for SL placement: Above the broken TL.

Reasons for TP placement: At the -0.27 fib extension level, may move down if trade goes good to capitalize more on the downward move.

Note: This trade was published a couple of candles after the trade was entered.
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