FX.co ★ AUDCAD M30: Bearish pennant

AUDCAD M30: Bearish pennant

Bearish pennantThe Bearish pennant pattern has formed on the AUDCAD M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9717, a trader will be able to successfully enter the sell position.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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