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Australian Dollar/Canadian Dollar

AUDCAD SHORT

By vitortmarra
If we analyze the market in the weekly and daily timeframe we can notice that we got a strong downtrend resistance. The price already hit this resistance then Im waiting a reversal. In the 4H timeframe we can notice that a Distribution area has been formed. So if a support breakout happens at this distribution area I'll take my short position.
Trend Analysis

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