Fxprotrader
Short

AUDCAD: Price At Sell Zone

FX:AUDCAD   Australian Dollar/Canadian Dollar
550 1 21
Price has broken below the uptrend it was moving, and has retraced into a corrective structure to the upper parallel of a downsloping median line . That's a great level to watch for a short setup in a lower timeframe. I will personally use a new median line set but i will aim for the median line of the larger pitchfork . In any case a sell setup at the current level is a high probability one..

Great analysis, here is another view on a selling opportunity:
AUD/CAD - Bearish Bat
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