AUD/CAD Plausible price action

1 באפר׳ 2018

The chart has formed a bearish widening triangle and it has completed its 5 waves. Not, it will either retrace from the .38% or will breakout downward directly. Supporting facts are the descending EMAs. What is more, the RSI bottoms are descending and strengthens the movement.
*Disclaimer: this is for educational purposes only*