Short AUDCAD
Bulls Points:
1. No Bearish Divergence on RSI or MACD
Bears Points:
1. LHLL in Daily and 4 hour
2. Price is at Downtrend Resistance line
3. Price is at Resistance zone
4. Bearish Engulfer candle in 4hr and 1hr TF and at Resistance
5. Rejection from 0.618 Fib
6. BC leg completion of ABCD pattern
1. No Bearish Divergence on RSI or MACD
Bears Points:
1. LHLL in Daily and 4 hour
2. Price is at Downtrend Resistance line
3. Price is at Resistance zone
4. Bearish Engulfer candle in 4hr and 1hr TF and at Resistance
5. Rejection from 0.618 Fib
6. BC leg completion of ABCD pattern
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