AUDCAD Short Opportunity

Hey!

AUDCAD Possible Short setup:

1. Last week candle extreme bearish Engulfing
2. H&S chart pattern formation
3. FIB 50%
4. Light blue = strong support-resistance area (currently resistance)
5. Possible short-term Double TOP formation



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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comment:

4H candle close and we got another sixth confirmation:

6. After the rejection from mentioned levels above the current price we got a bearish candlestick pattern called "Shooting Stars"!

Comment:

Stops are hunted and technically it is better than before!
7. RSI Divergence

Comment:

If You want to get more confirmations than wait for a candle close (at least 1H) below the round number 0.96500!

Comment:

Yes, we got this!
Bearish Engulfin candlestick pattern on the 4H chart!!

Comment:

We got so many confirmations and we got the move downwards.
There is just a little space to go to the target 1 but if You are in this trade then move SL to the zero take some partial profits (always be less greedy than others) and let the rest run.

Comment:

The first target reached!