Short on AudCad
Updated
The price has formed a lower low, and in the continuation of the downtrend, it is also forming lower highs. The point to note is that we have an engulfing pattern at the bottom, and now we have reached a fresh supply zone where a low-risk short position can be taken with a risk-to-reward ratio of 2.
Trade simple.
Trade simple.
Trade active
Now I'm in profit (25pips) and risk free my position.Disclaimer
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