AUDCAD 4H CHoCH Confirmed – Waiting for Pullback to Supply ZonesAustralian Dollar/Canadian DollarFX:AUDCADFXSMARTTAUDCAD is trading on the 4H timeframe. A CHoCH (Change of Character) has formed to the downside, confirming a bearish trend shift. I am expecting a corrective pullback to supply zones before the downtrend continues. Key Levels Current Price: near 0.98193 Supply Zone 1 (FVG aligned): 0.98930 – 0.98950 Supply Zone 2: 0.99100 – 0.99300 Targets for Short Target 1: 0.98100 Target 2: 0.97500 Trade Plan – Short Setup A CHoCH has confirmed the bearish structure. I am waiting for a pullback to supply zones. Once price reaches these zones and shows bearish confirmation on a lower timeframe, I will enter short. Supply Zone 1: 0.98930 – 0.98950 (FVG) Entry: After bearish confirmation from supply zone 1 Stop Loss: Above 0.99050 Target 1: 0.98100 Target 2: 0.97500 Supply Zone 2: 0.99100 – 0.99300 Entry: After bearish confirmation from supply zone 2 Stop Loss: Above 0.99450 Target 1: 0.98100 Target 2: 0.97500 Invalidation: Price breaks above 0.99450 with strong momentum Pro Tips The CHoCH confirms sellers are in control. Do not fight the trend. The best short entries come from supply zones after a pullback, not a chase. The FVG at 0.98930 – 0.98950 adds confluence for a price reaction. Wait for lower timeframe confirmation before entering any short. Patience is key. Let price come to you. My Personal View CHoCH has confirmed the bearish trend. I expect a corrective pullback to supply zones at 0.98930 – 0.98950 or 0.99100 – 0.99300. From those zones, with bearish confirmation, I will short toward 0.98100 and 0.97500. If price breaks above 0.99450, the bearish structure will be invalidated. Not financial advice. Trade at your own risk. Tags: AUDCAD, Forex, CHoCH, SupplyZone, FVG, Pullback, PriceAction, TradingView