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AUDCAD Sell Setup

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Dolar Australia/Dolar Kanada (FX:AUDCAD)  
TheSignalyst  
FX:AUDCAD   Dolar Australia/Dolar Kanada
Trend Analysis Harmonic Patterns Technical Indicators AUDCAD Forex priceaction trendfollowing trend analysis Parallel Channel Divergence
4
2
trendanalysis harmonicpatterns indicator audcad forex priceaction trendfollowing trend analysis parallelchannel divergence
on H4: AUDCAD is overall bearish trading inside our blue channel and it is currently approaching a strong resistance level 0.94 in green so we will be looking for trend-following sell setups on lower timeframes.

On M30: AUDCAD is retesting our upper blue trendline from H4, so as price approaches our 0.94 resistance, we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.

Good Luck!
This analysis is done using RichTL
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