AUDCAD, is it time to short?

AUDCAD / 1W

Hello traders, welcome back to another market breakdown.

AUDCAD has been pulling back for weeks now after tetsting the low of teh channel. The market is approaching the uper side of the channel where bears might show up.

I'll be looking for a lower time frame confirmation to go short.

Trade safe.
Trader Leo.

Trade active:

I got stopped out at Breakeven.

Comment:

The setup is still in Play on the weekly chart.

Comment:

AUDCAD / 4H
Chart update with important levels to watch for.

Trade active:

I have closed my position for now. I'll wait and see if bears can break support again.