Bearish reversal scenario for AUDCAD

79
-Head and shoulder pattern, a bearish reversal pattern.
-Bearish Divergence also printed, which further confirms bearish reversal.

Note:
Entry to placed at bottom of neckline, either place a sell stop order or wait for retest or break out and take entry

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.