Open trading account 
This was my second attempt shorting AUD/CAD, if the first trade ended up at BE which was still a good play taking in consideration that I was able to protect myself and minimize any losses. You can find more about my first short here: AUD/CAD Short Position Explained
On my second trade that I'm going to explain it here even though my timing wasn't perfect I still managed to get +54 pips profits out of this trade. The premise on this trade was again based on the fact that the higher time frame bias was still suggesting more downside and I decided to enter on a minor resistance level on the 1h chart (see Figure 1). Even though we had another run up above that key resistance making a false breakout I was still confident to keep this position because of the higher time frame premise and in the end I was proven right.
The only reason why I decided to trail my SL level was because of the FOMC decision as I didn't wanted to stay in front of a big train I decided it's best to stay conservative and get the profits out of the table.
Best Regards,
Daytrader21
On my second trade that I'm going to explain it here even though my timing wasn't perfect I still managed to get +54 pips profits out of this trade. The premise on this trade was again based on the fact that the higher time frame bias was still suggesting more downside and I decided to enter on a minor resistance level on the 1h chart (see Figure 1). Even though we had another run up above that key resistance making a false breakout I was still confident to keep this position because of the higher time frame premise and in the end I was proven right.
The only reason why I decided to trail my SL level was because of the FOMC decision as I didn't wanted to stay in front of a big train I decided it's best to stay conservative and get the profits out of the table.
Figure 1. AUD/CAD 1h Chart
Best Regards,
Daytrader21
