AUDCAD SELL IDEA

-PRICE TRAP
-REJECTING OFF DOUBLE RESISTANCE 1) DOWNTREND RESISTANCE FROM BIGGER TIME FRAME 2) HORIZONTAL MAJOR RESISTANCE
-REJECTING OFF PIVOT POINT
-HITTING 50-61.8 ZONE USING FIBONACCI
-REJECTING OFF MA200 ON 15 MIN TF
-POSSIBLE EVENING STAR FORMATION AT THE TOP OF THE PRICE TRAP INDICATING PRICE SHOULD GO LOWER
-RSI CONFIRMING PRICE IS GETTING WEAKER/ OVERBOUGHT

Comment:

TAKE PROFIT HIT!