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ovidiu_andi
Jun 5, 2019 12:22 PM

AUDCAD 1h Analysis Short

OANDA:AUDCAD60
AUD/CADOANDA

Description

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Correction ended at 0.940 psychological level and roughly at the 78% fibonacci retracement
The 100 SMA is still up, but flattening, which may be a sign of reversal
If the correction confirms, then this is a distribution phase

Comment

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Full analysis:




Trend AnalysisFibonacciSupply and Demand
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