PipTips

Possible 50 Pip Short Opportunity

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Hello traders, this is an idea based on a minor down trend we've been seeing on AUDCAD. We are rallying to a retest of the top of the channel where we will be shorting the market when price is in our sell zone. Our risk to reward ratio is an acceptable 1:2 so we will be watching to execute trade.

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