OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Hello traders, here we have AUD/CAD             on the daily chart with a potential bearish three drives pattern.

I'd like to thank Six Figure Capital student https://www.tradingview.com/u/cdschultheis15/ for spotting this setup.

Price completed the 2nd price drive at the 1.272 extension and we're now completing the 3rd price drive around 1.06000.

You will need to pay close attention to price action and candlestick formations in that area for the perfect entry point.

The pattern is not as symmetrical as I would like it to be, however, I won't ignore this setup as each point forms at a key level in the market.

This is a great trading opportunity with over 1:4 risk to reward.

Thank you all for your continued support, don't forget to add me on social media :)
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Keeping an eye on this one...currently heading towards a big level of resistance. Hopefully it can break through :-)
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@apa1620, yeah hope to see a break this month, it'll be a good shorting opportunity.
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