SHort Opportunity on AUDCAD
AUDCADAs we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average
Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe.
There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance.
There is also a Double top pattern on 4hrs Timeframe
NB
The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care
That is my submission
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