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FranckIlunga
Aug 1, 2023 7:12 AM

AUDCAD Short idea  Short

Australian Dollar/Canadian DollarFXCM

Description

I like the bearish momentum we have seen leaving 0.8850 from midnight NY time. We had a pause and consolidation around 0.8820 right before another drop. I would like to see the price gravitate under 0.8780 and under Friday's low for Sell Stops for liquidity and if it is moving fast I would like 0.8750 as well.

Trade active

Time is 3:54 am NY and we have seen nice momentum through 0.8800 so far

Comment

Time is 4:43 am NY we are approaching 0.8780, stop should be at breakeven or better here.

Trade closed: target reached

TP hit

Comment

1:11 am NY 0.8750 has been reached.
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