AUDCAD: False Breakout Setup on AUDCAD with Oil & China FundamenAUD/CADOANDA:AUDCADAliSignalsThis is my idea for AUDCAD. I think price will make a false breakout from the wedge. The market is inside a big pattern and it is getting tighter. Many times price breaks the wedge and then quickly comes back. So I wait for the fake move first, and then I look for the real move down. I also check the fundamentals. CAD has a strong link to oil. When oil rises, CAD becomes stronger. When oil falls, CAD becomes weaker. The Strait of Hormuz is important for global oil supply. If there are long‑term problems in this area, China can be affected because it depends on oil from the Persian Gulf. This can weaken China’s economy over time, and that can also weaken AUD because AUD is closely connected to China. Trump’s tariffs can also change the market. Tariffs can slow global trade and reduce demand for Canadian goods. This can make CAD weaker. I use one stop loss for the trade. I have two take profits. I wait for the breakout. If it is a false breakout, I take the short.