timmynorin

AUDCAD (1h) Short opportunity

FX:AUDCAD   Australian Dollar/Canadian Dollar
4 failed attempts on breaking to the upside. We now have a broken trendline to the downside. Targetting retest of 1.00000

Stop loss above the highs
Trade active
Trade closed: stop reached: Nope!

Comments

This pair has been very tricky lately and movement. Got a short position for about 5 days now... (-_-)
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timmynorin musiq787
@musiq787, Indeed, there has been quite a few fake breakouts to both the upside and downside in a short period of time. I've fallen for a few of them :|
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musiq787 timmynorin
@timmynorin, I hope you came out of this one alright after yesterday's drop! :)
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Still possible of it going down.
Reply
timmynorin Jamal92
@Jamal92, It is possible we're seeing a fake breakout to the upside, caused by the stops that were piling up. But I'm staying out either way since my reasons for entry dont apply anymore. :)
Reply
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