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Uncharted-FX

AUDCAD and NZDCAD Head and Shoulders Set up

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
Uncharted-FX  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Chart Patterns Trend Analysis Head and Shoulders NZDCAD AUDCAD AUDUSD NZDUSD Forex forexsignals forextrading reversal
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chartpattern trendanalysis headandshoulders nzdcad audcad audusd nzdusd forex forexsignals forextrading reversal
Both AUDCAD and NZDCAD showing signs of a reversal here as described by simple market structure. Both pairs have been in an uptrend with higher lows and higher highs. We then hit a major resistance/flip zone. From here, the uptrend has shown signs of exhaustion. What I am watching now is for a break and close below the neckline for the trigger.

NZDCAD looks the same:

snapshot
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