AUDCAD Sell from the top
Hi everyone:
AUDCAD is shaping up for the reversal price action from the top.
We can see price has a hit a double tops, and arriving to it within a rising wedge structure.
When price is forming these type of corrective structures, very good probability that the bullish momentum is exhausted, and reversal is imminent.
Latest price action shows us a Head and Shoulder at the top of overall price action, good confluence for the sell.
Now we see the right shoulder has formed and broke out, look for any continuation corrections on the LTF to take the down to the lows.
AUDCAD is shaping up for the reversal price action from the top.
We can see price has a hit a double tops, and arriving to it within a rising wedge structure.
When price is forming these type of corrective structures, very good probability that the bullish momentum is exhausted, and reversal is imminent.
Latest price action shows us a Head and Shoulder at the top of overall price action, good confluence for the sell.
Now we see the right shoulder has formed and broke out, look for any continuation corrections on the LTF to take the down to the lows.
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