DeGRAM

DeGRAM | AUDCAD breaking the ascending channel

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is currently trading in an ascending channel , but it has created a potential H&S pattern.

The market made a false break, because it fell below the level of 0.93500 after the breakout .

Price action is likely to move down and create a potential AB=CD pattern.

We expect a pullback from the resistance level .



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