AUDCAD short to bottom of weekly channel

Entry Signal - open and close outside green channel
RR - 1:4

For
- at the top of a weekly channel
-green MCAD waves weakening
-Stochastic turning down
-failed to make higher high
-Possible completion of a double correction

Against
-middle of alternate channel
-above daily and weekly 21EMA
- daily/weekly EMA aiming up