DeGRAM | AUDCAD target for short from confluence

AUDCAD moved out in the ascending channel. The market is consolidating on the 4-hourly chart.

Price is likely to move down from the confluence zone: the resistance + 127.2% fibo extension level and bearish harmonic pattern.

We expect a pullback from the resistance level and the continuation of the consolidation.



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Trade fechado: objetivo atingido:

TP was hit