AUDCAD: Bearish Setup Explained 🇦🇺🇨🇦

Short

Australian Dollar/Canadian Dollar (OANDA:AUDCAD)

OANDA:AUDCAD Australian Dollar/Canadian Dollar

Triangle Trend Lines Parallel Channel AUDCAD australiandollar CAD aud swing swingtrading swingtrade swingtrader

triangle trendline parallelchannel audcad australiandollar cad aud swing swingtrading swingtrade swingtrader

snapshot

AUDCAD is trading in a wide horizontal trading range on a daily.
Approaching its upper boundary, the price formed a descending triangle formation.
Its neckline was broken last week.

I explain a bearish movement to 0.896 level.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.