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AUDCAD Long on 4H

AUDCAD is at historic lows, but is currently testing both its long term downtrend line and S2, with RSI in an oversold position.

Good opportunity for a long position targeting the 382 and 50EMA.

However - needs confirmation on shorter timescales as there are no obvious bullish convergence yet, although I do expect them to come. Could be a good profit here if the trade is caught correctly but NO entry yet.
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No trade taken here. AUDCAD didnt show the bullish entry that it needed.

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