Why I am taking this AUDCAD Short ?

I see the 2 H1 patterns completing on AUDCAD.
- Bearish Butterfly (in green)
- Bearish Bat (in orange)

There seems to be a reaction to these PRZ levels and the RSI is presenting itself in the Overbought zone. As I always say, an overbought instrument can continue to be overbought for a long time.

Stops at around 1.0158 (33pips)

Trade ativo:

Just noticed a slightly bigger Bat pattern, now price is at the PRZ of this Bat.
CAD weakness across the board against most currencies. Caution !!

Trade fechado: stop atingido:

Trade closed with a 33pip loss,
CAD is just too weak across the board.