DeGRAM | AUDCAD oppportunity to short the market

AUDCAD broke and closed below the psychological level at 0.8800 which became resistance.

The market is making low lows and lower closes in the descending channel, an indication of bear dominance.

Price action is likely to move down from the fibo cluster.

We expect a trend-continuation trade since we have a bearish trend and divergence at the border of the descending channel.



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Trade closed: target reached:

TP was hit