1) Price broken neckline
2) Price at a major zone
3) double top rejection - potential rejection
4) need to wait for a retest towards neckline with clear rejection off
5) Price moving in a bearish pattern towards the major zone
Thought it was only right since I published AUD analysis this morning I publish CAD as well enjoy :)
A bearish 5-0 pattern formed on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand/supply present on the chart as overlapped).
Extended target PT = 1.21527
Happy trading :)
Brad.
