AUDCAD — Bearish Shark Harmonic PatternAUD/CADOANDA:AUDCADFreedomBuilderAUDCAD is approaching a very important area on the chart where a Bearish Shark harmonic pattern is completing. The Potential Reversal Zone (PRZ) around 1.0250 is the main area to watch. Price has made a strong move higher into this zone, so a rejection here could start a larger move to the downside. Another important part of the setup is the trend channel. Price has been moving higher inside the rising channel, with the upper channel line now lining up closely with the Potential Reversal Zone. This makes the area even more important. If price reaches the PRZ and gets rejected, I’ll be watching for a break back below the trend channel as additional confirmation that the trend is changing. Trade Setup Entry: 1.0000 Stop Loss: 1.0500 TP1: 0.9350 TP2: 0.9025 TP3: 0.8450 The 1.0250 PRZ is the key level. A strong rejection from this area would support the Bearish Shark setup, while a move above 1.0500 would invalidate it. For me, the combination of the Bearish Shark, Potential Reversal Zone, and rising trend channel is what makes this area important. Now I’m watching to see if AUDCAD can reject the PRZ and break out of the trend channel to the downside.