AUDCAD SELL SETUP Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Dec 7, 2020 6:26 AM

AUDCAD HAS BEEN LOOKING BEARISH FOR A WHILE AND THE RETEST OF THE PREVIOUS SUPPORT ZONES GIVES US A NICE BIAS TO BUY

OUR AIM IS AT THE 0.5 FIBONACCI WHICH NEAR MATCHES A PREVIOUSLY RESPECTED ZONE

A 1:2.5 HAS BEEN SET OUT FOR THIS TRADE AND PROPER RIST MANAGEMENT SHOULD BE OBSERVED

Comment

⋅ Dec 7, 2020 6:04 PM

WE WERE ABLE TO CLOSE OUT WITH SOME PROFITS FROM THIS BEFORE PRICE MADE A COMPLETE REVERSAL