AUDCAD Short Update

AUDCAD Short Update

As per the analysis I posted last week, our AUDCAD short trade hit our TP of 131 pips towards the latter part of the week. The trade set up was identified using price action and technical analysis , and assisted by news regarding Australian-Chinese trade midweek.

This is a great example of a simple breakout strategy, using Fibonacci retracement levels and price action to determine an optimal entry point and clear target level.

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