FX:AUDCAD   Australian Dollar/Canadian Dollar
54 0 0
Price has reached a strong selling area. This area has acted as many swing points in the past and is clearly an important market level. Price is not trending, price is ranging and confirmed by higher time frames. A bearish pin bar has formed in this selling area indicating sellers have taken control of price over the past 24 hours and therefore I am now biased towards a downward move. Entry can be placed at the break below the pin bar and target at next level of support. Reward is over 2:1
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