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.

הערה:

Moving SL to BE

הערה:

Fixing 2/3 of profit and SL remains at BE