JimMakos
Short

AUDCAD short on daily chart with 7 R/R ratio

FX_IDC:AUDCAD   AUSTRALIAN DOLLAR / CANADIAN DOLLAR
98 2 1
Betting on the trendline's bounce. Will move stop loss one step below for every reward/risk point gained.
whats your entry trigger?
Reply
JimMakos FilipMorgan
I don't wait for a trigger in this particular trade. I normally use the hourly timeframe to pinpoint the entry, but here I want to short as close as possible to the declining trendline. Stop loss can be set using the ATR indicator: http://www.tradinggraphs.com/2015/02/02/atr-stop-loss-in-forex/
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