EnricoTrading93

AUDCAD Monthly Short Idea

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Notching this pair we can see a possible formation of a doji monthly candle, the price is an overall downtrend and the price is testing the 71.8 Fib retracement level. As well as a confluence we have a bearish harmonic pattern formation. Therefore we can look for short entry on lower time frames if we will see the price action confirming our theory.
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