AUDCAD formed an H&S pattern and is now in a key area. There is a 100 pips movement towards my next support and towards my next resistance. However, I vote for the sell side. My support has been tested several times and the bounces are becoming much weaker, which indicates us bulls are lacking in momentum. And if we zoom in on the 1h chart, we can see that there are new S/R being created and broken. The last hourly S/R is being tested as resistance now. This could melt down.
Trade closed: target reached