AUDCAD - Bearish Engulfing

Updated
AUDCAD has formed a bearish engulfing candlestick after consecutively making lower highs and lower lows. A valid down-trending support line bounce further confirms this short setup. SL set above previous highs, TP set at previous lows.
Trade closed: stop reached
SL reached. -100 pips loss.
audAUDCADBearish PatternsCADChart PatternsdowntrendEngulfing CandleSELLshortsupportTrend AnalysisWave Analysis

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