AUD/CAD pending short

Apr 26, 2017

Pending order if price breaks back below the fib zone. Reasonable target. We'll see how it plays out.

Apr 27, 2017

Trade active

Trade triggered.

Apr 28, 2017

Trade closed: stop reached

set up looked solid, however we failed to break the key level highlighted by the red box. After the second test of the level and failing to break or create a lower low I should have manually exited and looked to re-enter on the break. I was confident we would come back to break the level on the 3rd test as we saw some bearish momentum on the daily. However, I was wrong and we were stopped out. Greedy target placement on my part, lesson learnt.. on to the next.