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FedericoSellitti

AUDCAD trading a double candlestick pattern on a down-channel

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
FedericoSellitti Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators AUDCAD Descending Channel Tweezer Tops Double Top Bearish Engulfing candlestickpattern swingtrading
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trendanalysis chartpattern indicator audcad descendingchannel tweezertops doubletop bearishengulfing candlestickpattern swingtrading
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.
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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