therealbinarymaster

aud/cad looking like its going to take a Fall

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
here in my analysis I've noticed on the Daily time Frame that we have a Complete Head and Shoulders Formation With A break to the downside and price action has retested that area and is now starting to reject the same area

The R/R isn't the greatest due to the rule of taking the Trade utilizing the head and shoulder pattern as additional confirmation for this set up


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Comment:
trade running +40 pips in profit

Moving my Stop/loss to Entry/Breakeven and allowing it to play out

when Back up +50 pips please secure partial profits!

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