AudCad Trade Idea
AudCad has been bearish for some time now. Cad did have news at 8:30am so I do want to give price some time to dial down. Although there isn't much volatility showing. I personally want to see price break and retest to the downside with price being bearish on both higher and lower time frames. The lower time frame just flipped which is why you can see a bearish candle with a wick. The retest to the downside would be solid confirmations to short the pair for a potential 1:3rr. We'll see what happens.
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