AUDCAD Sell Opportunity

FX:AUDCAD   Australian Dollar/Canadian Dollar
After price dropped breaking out of upwards price channel , the price has since pulled-back to the 61.8 - 71 fib region. This pullback has come to re-test its resistance. Price is also in a hot spot touching two trend lines , with one being the 4th touch. We should see price fall lower. This gives us a nice trade ratio of 2:1.
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