OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle . Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch . If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level . It is also visible that it is being squeezed slowly into a descending triangle so I will also be watching to see if this breaks to the upside if the squeeze continues. I would say this is a short term trade to that 0.97205 level for some nice pips and then re-evaluate for a possible long. AUD unemployment rate is due so very wary of that, but at the moment looking good!

All feedback is much appreciated!

Feedback good or bad is always welcome!

Trade Safe,

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