AUDCAD Short Term Sell

AUDCAD is currently at a local supply zone, presenting a good opportunity for a short term sell. A possible double top is forming on a 4 Hour timeframe, making the short opportunity more attractive. The stop loss can be placed a few pips above the local supply zone, with the first target at the local demand zone. This is a short term trade, as price is currently forming a rectangular pattern (a continuation pattern) and can therefore easily break to the upside.

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