AUDCAD is also looking good for shorts as we are sitting in a major Sell region. You can see what this zone has triggered in the past. We have a Monthly -27 Fib completion and we are rejecting this zone for 3-4 months already. Price is really struggling to break above. Main bias is of course bearish in this case.
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Only thing i can see on the Weekly chart is the break of the ascending trend (line) and the last HL. This is a clear indication for short set-ups.
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On the Daily chart, we are also Bearish as we have broken the ascending trend (line) and the last HL. We have received a solid Bearish impulse as indication. We do expect the market to form a Bearish W pattern as confirmation. Clear Supply & Demand zone the region of interest. Descending trend line to protect the price. If we do complete our Bearish W, i can determine my precise entry on the 4H chart.