Another simple analysis coming to you guys on CAD/SGD 4 hour time frame. As you can see the small double top/''M'' formation on the 4hr showing there is a strong resistance to the up side. also to the area circled at the top a couple candle rejections at resistance level 1.04125. My opinion/prediction is the double top formation will be a continuation of the downwards trend as to why i going for a short