AUDCAD Hourly Channel - Waiting Breakout

Hey Guys,

We can interpret from above chart that AUDCAD is moving in the marked channel zone for sometime and it came right against the Resistance zone.

Am expecting channel to Breakout on downside bcos price action is bearish if you check at 4hr timeframe.
Still anything can happen but I will be looking for shorting opportunity as AUDCAD breaks the channel.

Check your rules before entering, this is just an idea.

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Happy Trading !