AUDCAD - Trend-Following Sell Setup!

Dec 7, 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on WEEKLY: Left Chart
As per my last analysis, we know that AUDCAD is around a resistance zone so we will be looking for sell setups.

on H4: Right Chart
AUDCAD is forming a double top pattern but it is not ready to go yet.

Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.

Meanwhile, until the sell is activated, AUDCAD can still trade trade or even break the resistance zone .

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich