I got out of my previous AUDCAD short at break even yesterday. Will look to short again higher.
AUDCAD on the daily form a hammer yesterday, with long wick rejecting price at 0.9905 support of channel. Looks like it might go higher to retest the longer term trendline support + 61.8 retracement.
AUDCAD on the H4 form a bullish engulfing pattern which may support price at 0.9905.
Will look higher at 1.0120 and wait for reversal candle before shorting.
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