AUDCAD SHORT: a move to retest neckline of monthly "W" formation
Monthly:
- "w" formation
- possible move to retest neckline
Weekly:
- "M" formation
- retest of neckline (fib confluence)
- expecting continuation down
Daily:
- 0.618 fib confluence on retracement
4hr:
- double top
- entry on simple break and retest of neckline
- "w" formation
- possible move to retest neckline
Weekly:
- "M" formation
- retest of neckline (fib confluence)
- expecting continuation down
Daily:
- 0.618 fib confluence on retracement
4hr:
- double top
- entry on simple break and retest of neckline
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