Hi traders:
I am still keeping a close look on AUDCAD for the sell potential.
Previous analysis was able to bring the price lower, but not breaking out of this larger structure overall.
Price instead continue to move up, and we see a recent double tops, then a sharp drop from the price.
To confirm the down move potential, I would be looking for continuation correction to developed either within the channel, or a breakout follow by it.
Tank you
Note
Note
Correction complete within the channel, price broke out now. Look for more opportunities to get in the sell.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.