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Traderscope
Jan 21, 2018 6:45 AM

AUDCAD Short opportunity for 135 pips Short

Australian Dollar/Canadian DollarFXCM

Description

SELL AUDCAD
Entry : 0.9985
SL : 1.0035
TP : 0.9850
Risk reward : 2.7
Potential : 135 pips
Risk : 50 pips

Trade active

Comment

Stop loss moved on entry point at 0.9980.

Trade closed: stop reached

Breakeven
Comments
muhammadaliimran
nice dear as usual
donzeeshan.dz
what time frame is that ty
Traderscope
@donzeeshan.dz, You can see it on the chart. 240 is H4.
donzeeshan.dz
@SuperSignalFX, There is a head and shoulders pattern, so will this pull back still occur?
Traderscope
@donzeeshan.dz, I don’t see any H&S here, only an ascending channel with clear tops and lows. Whatever the RR of this trade is 2.7 with a tight SL. Little risk.
donzeeshan.dz
@SuperSignalFX,
is that not an inverse head and shoulders
Traderscope
@donzeeshan.dz, It is really not H&S for me. Too many Hig/Lows. My opinion.
donzeeshan.dz
@SuperSignalFX, Okay thank you very much, appreciate the help!
donzeeshan.dz
@SuperSignalFX, So when market opens, you expect it to fall straight away or try break 1.0000?
Traderscope
@donzeeshan.dz I don’t know. Let the market does its thing. There is nothing sure.
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