AUDCAD POTENTIAL H1 SELL SETUP

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Potential selling opportunity on AUDCAD H1.

Confluence:
1.) 50 EMA
2.) Descending Channel
3.) Fibonacci rejection (50.0%-61.8% zone)
4.) Engulfing candle

Final target is the -61.8% Fibonacci level

This is just my view on this current market. I am no advisor and trading the financial markets is risky. This is for educational purposes only
Trade geschlossen: Stop wurde erreicht
Stops were taken down to entry and got hit. BE trade. :)
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