Possible Sell Opportunities on AUDCAD

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Looking at AudCad, this Aussie pair has a little different bias then the others. Zooming out to the daily timeframe, we could see that price has been creating solid downtrend structure and we are currently coming to a daily support level.

Now zooming into the 4H, we could see that price just keeps creating lower highs and lower lows effortlessly. If price manages to have a bearish impulse past the daily support level followed by a retest as potential resistance, I'll be looking for sell opportunities.

Penafian

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