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AUDCAD | COULD THIS TRADE GO LOWER THEN ITS PREVIOUS LOWER LOW?

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
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A nice bearish engulfing candle showing bear pressure the only thing that is stopping is the lower on the left. It previously got respected so we need to be aware, anything below the lower low will make this trade a valid entry towards the downside if this trade decides to pullback towards the moving averages and give us a bearish engulfing candle I would also take this trade towards the downside.

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