AUDCAD Sell Idea

W1 - Price moving inside a channel.

D1 - Triple cycle completed and we may expect the price to reach 50 Fibo retracement and a reversal to happen from there.

H4 Scenario 1 - We may expect a small correction and after that the price to reach the magnet zone and a reversal to happen from there.

H4 Scenario 2 - We may expect a reversal to happen from the zone where the price currently is.

It is always recommended to look for confirmations before we jump into a trade.