AUDCAD 240 short – top of the channel and retest of LH

The channel shows a downtrend since 17 April 2019 at 91% regression fit. PA is at the top of the channel, at a third test of the LH. RSI shows a break below the trendline. Waiting for RSI to cross 50. Entry, SL and TP are approximate.

Trade active

Trade closed manually:

Manual close of trade at 78.6 fib of retracement, a little less than the original TP.

53.9 pips.