AUDCAD short for 220 pips

FX:AUDCAD   Australian Dollar/Canadian Dollar
Hello traders,

As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate.

I have therefore marked the entry position, sl and tp as well.

Let me know your toughts.

Trade safe and good luck.


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