SamKent
Short

AUD/CAD breakout pullback plan

FX:AUDCAD   Australian Dollar/Canadian Dollar
60 0 0
The AUD/CAD             has broken out impulsively to the downside, we've got the 0.96800 marked as our handle to short a pullback. It is also the 38.2% of the latest move downwards, and may coincide with the current descending trend-line area. If the pair does correct towards this marked area, we'd be sellers with a fairly tight 50 point stop and a trailing stop mechanism, aiming to move downwards with the trend and place stops at future swing highs within the bear trend.
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