AUD/CAD Trade Idea

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.