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AUDCAD Short Opportunity with 3:1 Reward:Risk ratio
Australian Dollar/Canadian Dollar
Short
AUDCAD Short Opportunity with 3:1 Reward:Risk ratio
By thekwest
Follow
Follow
Apr 9, 2015
1
Cheer
Cheer
Apr 9, 2015
Nice setup for a short opportunity with a 3:1 Reward to Risk
Reasons for entry:
- Price finding resistance at 200EMA
- Pin Bar
- Overall downtrend
- Plenty of room for price to fall
Exit Strategy
- Stop 0,9716
- Profit 0,9595
aud
AUDCAD
CAD
short
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