FX:AUDCAD   Australian Dollar/Canadian Dollar
7 0 1
Generally there is a change in trend (ABCD triangle pattern and break below the trend line ), lets wait for a correction move than most likely to go lower, would consider to sell if break above 38.2% but closed below 38.2% with a full black candle as confirmation followed after the close below 38.2% line.
Alternatively we can look for sell opportunities at the trend line resistance which is confluence to the 61.8% area. Probability to sell at this area will be higher.

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DavionL
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