AUDCAD Rising Wedge
In the smaller H1 time frame, a rising wedge pattern can be observed. Then, in the H4 time frame, the candles are starting to lose upward momentum. The formation of a double top and the price breaking the trendline and pulling back provide a good reason for a short entry.
Sell Stop: 0.91520
SL: 0.91670 (15 pips)
TP: 0.91220 (+2)
Sell Stop: 0.91520
SL: 0.91670 (15 pips)
TP: 0.91220 (+2)
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