Fxprotrader
Short

AUDCAD Classic Setup Based on Wave Theory

FX:AUDCAD   Australian Dollar/Canadian Dollar
170 2 13
Although i personally look for a buy setup in the higher timeframes of AUDCAD             , we now have a crystal clear sell opportunity based on wave theory. A large corrective structure is over with a sharp move to the down and we now see price consolidating below the broken trendline . When we have a breakout of the consolidation we may sell the market.
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