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ACAD has broken channel support and price is currently in a pennant pattern. I will be waiting for BEARISH confirmation once previous low is broken to the down side, once this is confirmed I will be looking to short to around the 0.985 area unless price gives a BULLISH signal for me to close my trade
As price continues to break structure to the short side and the dollar still looking strong from last week I still see a lot of short potential. Overall price is in a higher timeframe (almost) parallel triangle. I'm looking to trade until we have a break-out back into trend