AUDCAD short term SHORT setup

FX:AUDCAD   Australian Dollar/Canadian Dollar
A good opportunity to get short, and also to "hedge" my NZDCAD long position.

Break of pennant to the downside, broken line as resistance together with structure.

Fibo 38.2 and 61.8 falls neatly together.

Simple trade!
Trade closed: stop reached: NZDCAD went for target while AUDCAD went for stop. Good hedge


Price is also testing a daily resistance, totally agree with you!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out