Monthly: 
- We can see the Monthly Inv H&S not getting respected
- A weekly -68 FC that aligns with a S&D zone lower
- Monthly Bearish Indicational Candle
- Impulse followed by correction: everything between impulse high and low can and will be treated as relief for more upside momentum, 90% chances of hitting the BoC (where our S&D zone is)
Weekly:
- If we look closely two weeks ago, we closed below the previous low very subtle
- Previous week we retested it and closed with a full Bearish Indicational Candle
Daily:
- We are making LL & LH
- Bearish W
4H:
- H&S Pattern
The reason that I'm looking to AUDCAD short and not NZDCAD short (because they are very look alike):
AUDNZD:
- If we look on the Monthly & Weekly chart we are at very nice S&D zones to take shorts
- Daily looking to shorts also
==> I expect AUD to be weak against the NZD
Why both short:
CAD is at crucial regions for Long setups!
- We can see the Monthly Inv H&S not getting respected
- A weekly -68 FC that aligns with a S&D zone lower
- Monthly Bearish Indicational Candle
- Impulse followed by correction: everything between impulse high and low can and will be treated as relief for more upside momentum, 90% chances of hitting the BoC (where our S&D zone is)
Weekly:
- If we look closely two weeks ago, we closed below the previous low very subtle
- Previous week we retested it and closed with a full Bearish Indicational Candle
Daily:
- We are making LL & LH
- Bearish W
4H:
- H&S Pattern
The reason that I'm looking to AUDCAD short and not NZDCAD short (because they are very look alike):
AUDNZD:
- If we look on the Monthly & Weekly chart we are at very nice S&D zones to take shorts
- Daily looking to shorts also
==> I expect AUD to be weak against the NZD
Why both short:
CAD is at crucial regions for Long setups!
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.
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.