AUDCAD Short

Price is moving lower in a downtrend, setting LLs and LHs. More recently, we made a LL and have now pulled back to form a LH and retest strong resistance. Resistance lays on the 382 Fibonacci area, where we also formed a spinning top indecision candle on the 20 Day SMA. We will be watching for short opportunities off this level.
Chart PatternsTechnical IndicatorsTrend Analysis

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