timmynorin
Short

AUDCAD - Short term short setup

FX:AUDCAD   Australian Dollar/Canadian Dollar
Inside bearish triangle / pennant we find this opportunity to sell at the retest of the upper falling trendline. I place my take profit just above previous support and above 61.8 fibo of the leg.
Trade closed: stop reached: Splash

Comments

We did see the intended reverse, although the price did not make it all the way down. When the price broke and closed above the falling trendline the trade was pretty much already lost, or at least one of the major reasons for entry were gone. See you next time.
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