AUDCAD is forming a head and shoulders pattern around resistance.

We also have a divergence adding more confluence to our setup.

Our trigger would be after a momentum candle close below the neckline.

And the stop loss would go just above the right shoulders.

We always target double our stop loss!

Good Luck!
AUDCADChart PatternsDivergenceTechnical IndicatorsnecklinerejectionreversalSupport and ResistancetrendTrend Analysis
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