AUDCAD: Selling the pull back

After a strong Bearish move, price reverse course and make a strong pull back hitting the high on Wed before closing at the low of the day. Thu, the Bulls launched an assault at Wed high but fall short of it. Bears see that opportunity and actually succeeded in overcoming the minor structure but have since pull back. If you are into volume profile, you would have notice that the impulse Bearish move actually violated the value area low of the last 3 days(Tue-Thu), a sign that the buyers are trapped now. I see Bears fully in control and will be looking to SHORT at the newly created SZ to target the swing low.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.