Potential Double top formation on the AUDCAD
Price dropped down impulsively and is moving up in a corrective manner. At the break of the channel up, I expect a drop to the downside. It is showing signs of momentum loss at the resistance zone.
The MACD is showing hidden divergence which is a good sign for a potential move to the downside. On the one-hour time frame, there are tweezer tops which adds confluence to the trade. I entered the 15-minute with aggressive stops. With the last TP at the test of the lows.
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