Enrico_T10091

Potential Double top formation on the AUDCAD

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Price dropped down impulsively and is moving up in corrective manner.at the break of the channel up i expect a drop to the downside. It is showing signs of momentum loss at the resistance zone .The MACD is showing hidden divergence which is a good sign for a potential move to the downside .On the one hour time frame there's tweezer tops which adds confluence to the trade. I entered on the 15 minute with aggressive stops. With the last TP at the test of the lows.
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