AUD/CAD Daily Short
Entry: 1.0050
Stop loss: 1.0150
Profit target: .9850
Trade Explanation:
I think there’s a chance that 1.0000 will finally be broken as price was able to close below it. I’m just looking to enter on a retracement, and looking to enter at the 38.2% Fib, which was a support level before. We’re also seeing a doji like candle on the daily, which might mean that buying power is not strong. My stop is above the 61.8 Fib and I’m aiming for new lows around .9850