Audcad Daily

The AUD / CAD has just formed 2 harmonic figures AB = CD sellers that give the same level of current reversal, and in Japanese candlestick we have a high wave structure that shows hesitation (the continuation of X Dojis with wicks) .

This could result in the end of the rally and the bearish recovery, so I find the ideal level to try a sale with a good return / risk ratio. This remains relatively aggressive but playable with a stop above the high wicks.

 

check below on daily and on h4

 

H4 time frame

Trend line broken pullback is on

 

 

 

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