Monthly:
- We can see the Monthly Inv H&S not getting respected
- A weekly -68 FC that aligns with a S&D zone lower
- Monthly Bearish Indicational Candle
- Impulse followed by correction: everything between impulse high and low can and will be treated as relief for more upside momentum, 90% chances of hitting the BoC (where our S&D zone is)
Weekly:
- If we look closely two weeks ago, we closed below the previous low very subtle
- Previous week we retested it and closed with a full Bearish Indicational Candle
Daily:
- We are making LL & LH
- Bearish W
4H:
- H&S Pattern
The reason that I'm looking to AUDCAD short and not NZDCAD short (because they are very look alike):
AUDNZD:
- If we look on the Monthly & Weekly chart we are at very nice S&D zones to take shorts
- Daily looking to shorts also
==> I expect AUD to be weak against the NZD
Why both short:
CAD is at crucial regions for Long setups!
- A weekly -68 FC that aligns with a S&D zone lower
- Monthly Bearish Indicational Candle
- Impulse followed by correction: everything between impulse high and low can and will be treated as relief for more upside momentum, 90% chances of hitting the BoC (where our S&D zone is)
Weekly:
- Previous week we retested it and closed with a full Bearish Indicational Candle
Daily:
- Bearish W
4H:
- H&S Pattern
The reason that I'm looking to AUDCAD short and not NZDCAD short (because they are very look alike):
AUDNZD:
- Daily looking to shorts also
==> I expect AUD to be weak against the NZD
Why both short:
CAD is at crucial regions for Long setups!