AUDCAD descending channel and retest, reversal trend potential

As we can see the price has broken through the descending channel and retesting from major trendlie to form a higher low.
right at the Major fibonacci retracement 0.618, and Major trendline and there are some rejection on that level, major trend is bulish
there is high possibility the trend will reversal, provided that prices are not form new LL
SL: 0.9482 (70 pips)
TP 1: 0.965
TP 2: 0.9695
TP 3: 0.9722
RR : Look at the line on the right (lime line)
right at the Major fibonacci retracement 0.618, and Major trendline and there are some rejection on that level, major trend is bulish
there is high possibility the trend will reversal, provided that prices are not form new LL
SL: 0.9482 (70 pips)
TP 1: 0.965
TP 2: 0.9695
TP 3: 0.9722
RR : Look at the line on the right (lime line)
Trade closed: target reached
Tp Final has been reached 😀Trade closed: target reached
TP1Disclaimer
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.