Time to go short on AUD/CAD

7 Ara 2015

Been watching this for a few days now. Price action has hit and creeped over the upper trend line but not enough to call it a break. We have a 3 push setup and I've noticed a cypher pattern completed already too. In addition I also like the wicks that PA has left, proving patience pays. Great time to short this pair with great risk reward. For targets the 38.2 retrace sits real nice onto previous structure but there's no reason why this wont run on further down. Stops above previous daily highs and the X of the cypher (granted a little conservative).