AUD/CAD, H1
Long or Short: SHORT
Entry Point: 1.005 range
Stop Loss: 1.008 (Resistence Key Level)
Profit Target/s: 1.000
Reward-to-risk Ratio: 1:2
Risk percentage: 2%
Indicators used: Fibs / Pivot / Line drawed (No other indicators!)
Trade Rationale: Negative Long Term Trend (look for a short opportunity). After the retracement, we are seeing a consolidation level on 61 Fib retracement to enter the trade and go with the trend!
Trade Adjustments: Could be exit 50% on profit target; continue with the other half until 0.995 and adjust SL to entry level.
