AUDCAD: Your Trading Plan For Today 🇦🇺🇨🇦

On a live stream today we discussed a potential short trade on AUDCAD:
the pair is currently approaching a strong daily structure resistance.

On an hourly time frame, the price is coiling.
I spotted a tiny head and shoulders pattern.
0.932 - 0.9327 is its neckline.
Wait for an hourly candle close below that to confirm a breakout.
Then short aggressively or on a retest.

Your intraday goals will be 0.93 / 0.928

If the price sets a new high on hourly,
the setup will be invalid.

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Commentaire:

Check my new idea on USDJPY: