AUDCAD trading a double candlestick pattern on a down-channel
Updated
AUDCAD testing the upper part of the down-channel, with a double candlestick pattern: a tweezers top and a bearish engulfing pattern.
Stop loss and take profit are very tight, since we are trading on the M15 within a very tight channel, so I suggest to check the spread first for your broker and avoid this trade if you have a spread that is over 1 pip.
Stop loss and take profit are very tight, since we are trading on the M15 within a very tight channel, so I suggest to check the spread first for your broker and avoid this trade if you have a spread that is over 1 pip.
Trade active
Took 1/3 of the position on the strong red candle and moved the stop loss to entry level.Trade closed manually
Trading closed manually with part of the profit we planned with our take profit.
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