AUDCAD Approaching Key Resistance with Potential for Downtrend
The AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence.
Unless a new higher high is formed, the market appears poised for a sizeable downward move.
Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
Unless a new higher high is formed, the market appears poised for a sizeable downward move.
Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
Note
Moving SL to BENote
Fixing 2/3 of profit and SL remains at BE
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.