DeGRAM | AUDCAD trend-continuation trade

AUDCAD made a sharp, bearish move and pulled back. It couldn't reach the highs.

The market is making low lows and lower closes in the descending channel.

Price action is likely to move down from the kill zone and complete the AB=CD pattern.

We expect a trend-continuation trade since we have a bearish trend in the descending channel.



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Trade closed: target reached