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.



-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Trade closed: target reached:

TP was hit