#AUDCAD: Bearish Setup
Price has been printing lower highs and lower lows for some time now
Price started making a Bullish rebound and broke out of the weekly resistance zone
But dropped sharply after testing the horizontal trendline, making it a False Breakout
I believe we would see a Bearish continuation to the downside
I'm Bearish Biased
Price started making a Bullish rebound and broke out of the weekly resistance zone
But dropped sharply after testing the horizontal trendline, making it a False Breakout
I believe we would see a Bearish continuation to the downside
I'm Bearish Biased
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