timmynorin
Short

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!
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