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justinholtgrave
Jul 30, 2017 2:33 PM

AUDCAD - Bearish Engulfing Short

FX:AUDCAD1D
Australian Dollar/Canadian DollarFXCM

Description

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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

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SL reached. -100 pips loss.
Trend AnalysisChart PatternsWave AnalysisAUDCADaudCADshortSELLBearish PatternsEngulfing Candlesupportdowntrend
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