Short on AudCad

26 thg 6The price has formed a lower low, and in the continuation of the downtrend, it is also forming lower highs. The point to note is that we have an engulfing pattern at the bottom, and now we have reached a fresh supply zone where a low-risk short position can be taken with a risk-to-reward ratio of 2.
Trade simple.

26 thg 6

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Now I'm in profit (25pips) and risk free my position.