dhoover

Potential Reversal Setup

FX:AUDCAD   澳元/加元
Double top formed at 1.0315, hanging man is found on every timeframe, though still in progress on daily charts. Stochastics overbought on most timeframes, and reaching those levels on daily. A bearish candle would confirm a reversal, and a break below the trendline spells a long fall for the Aussie

A break above the resistance line would confirm a continuation of the current trend
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