AUDCAD: Classic Trend Following 🇦🇺🇨🇦

Short

Australian Dollar/Canadian Dollar (OANDA:AUDCAD)

Updated

OANDA:AUDCAD Australian Dollar/Canadian Dollar

Chart Patterns Head and Shoulders Wave Analysis AUDCAD trader fx australiandollar

chartpattern headandshoulders waveanalysis audcad trader fx australiandollar

snapshot

AUDCAD was coiling for quite a while on a strong 4h intraday structure resistance.
The price formed a head and shoulders pattern and just recently broke its neckline.

Taking into consideration that a global trend on the pair is bearish,
I expect a further decline.

Goals:
0.922
0.918

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Comment:

Check my new idea on USDCAD:

USDCAD: Top-Down Analysis & Confirmation to Buy 🇺🇸🇨🇦

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