AUDCAD - Trend-Following Sell Setup!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

AUDCAD is overall bearish trading inside the red channel, and it is currently sitting around the upper trendline, so we will be looking for short-term trend-following sell setups.

Unless price breaks our upper red trendline aggressively, then we will be looking for new sell setups to form as it approaches the upper blue resistance.

AUDCAD formed a valid trendline in blue so we will be waiting for a new swing low to form around it to consider it our trigger swing.

Trigger: Waiting for a momentum candle close below the gray area to sell.

Good luck!