AUDCAD completed a Butterfly pattern on its big bunch of pattern and it looks that this can be the end of the up move as the confluence zone is very strong now. Butterfly patterns are ending structures and they usually signal the end of the trend and the beginning of a new trend.
1. Completed Bearish BAT, Bearish Cypher and Bearish Butterfly on 240 min. 2.Completed ABC structure (blue arrows) on 240 min. 3.Divergences Good Luck
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AUDCAD broke 240 min trendline. Wait for a correction before any sell.
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I am expecting a bigger correction before adding to the position. This looks a good sell opportunity for those who are not in the trade.