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timmynorin

AUDCAD short term SHORT setup

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
timmynorin Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD audcadshort Pennant
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audcad audcadshort pennant
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
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