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Adam_hazouri

AUDCAD /Chart Pattern/Price Action/

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Adam_hazouri Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Parallel Channel
1
0
parallelchannel
The price broke out the lower trend of the down slope channel. When the price breakout with the channel slope, it is usually false breakout.
That is why I take a buy trade. The risk/reward ratio is so good here.
Comment:
I moved the stop loss to /0.92119/.
Comment:
Trade closed manually:
I closed the trade with profit /107/ points
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