AUDCAD Long Trade Setup
My main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.
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