Hi there fellow traders! AUDCAD is looking pretty bearish for me, and I think it is pretty obvious why. We have a 3rd bounce off this (resistance) trendline with price showing bearish candle info at the 61.8 fib level. Market is making Lower Lows and Lower Highs, so a Lower Low is expected in this case (This being our Lower High). Price may move lower than my expected target. Good luck.
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Possible Bearish Cypher.
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For Long entries.