AUDCAD Short opportunity

- Price respecting dynamic resistance
- Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side
- Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside
- 1:6 risk to reward ratio for this trade, 2% risk as always
AUDCADaudcadanalysisaudcadshortChart PatternsFibonacci RetracementpriceactionTrend Analysis

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