AUDCAD | HnS Pattern | 500pips Down

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AUDCAD | HnS Pattern | 500pips DownAUD/CADOANDA:AUDCADNathanl19Price action has continued selling off after retesting the previous breakout below the neckline and will be looking to hit another 500pips+ When looking at local price action on lower timeframes the double top rejection at ~0.90 has entered a distribution phase which is signaling price to fall further with the first target at 0.88 and so on. For price to hit the last target around 0.855 I would like to see a break first then a retest/distribution phase.