FX:AUDCAD   Australian Dollar/Canadian Dollar
FIRSTLY TAKING A LOOK ON THE MONTHLY CHART WE CAN SEE LAST MONTHS STRONG TEST OF THE 50 FIB AND THE DESCENDING TRENDLINE IT HAS SO FAR ACCEPTED, BUYER POWER BROKE DOWN AND THE CANDLE ENDED AS A BEARISH SPINNING TOP , SO FAR THIS MONTH WE HAVE TESTED BOTH THE UPPER TRENDLINE AND THE 55MA AFTER RETREATIG LAST WEEEK

THE DAILY CHART IS WERE I HAVE DRAWN A HEAD AND SHOULDERS PATTERN FURTHER BEARISH CONFIRMATION, WITH THE LAST TWO CANDLES FORMING A DOJI AND AN ENGLUFING BEARISH ON FRIDAY

WILL BE LOOKING TO ENTER DURING THE ASIAN SESSION SOMEWHERE AROUND 0.985 1ST TP 0.955

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