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Bullandbeartrading

AUD/CAD Trade Idea

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Bullandbeartrading  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators AUDCAD short Forex swingtrader
88
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trendanalysis chartpattern indicator audcad short forex swingtrader
Hello and welcome to my Trade Idea of the currency pair AUD/CAD.

Lets start with the Top Down Analysis.


Monthly: Monthly is bearish.


Weekly: The weekly timeframe is in a very strong downtrend.


Daily: On the daily timeframe we see a little consolidation and the overall trend is bearish too.


H4: On the H4 timeframe we draw the pennant pattern and wait for a breakout to the downside.


Have a nice day.
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