AUDCAD Short Opportunity with 3:1 Reward:Risk ratio
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.