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AUDCAD: Classic Bearish Reversal ExplainedðĶðšðĻðĶ
OANDA:AUDCAD
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AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.
Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.
Goals: 0.901 / 0.895
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