AUDCAD Approaching Key Resistance with Potential for Downtrend
Updated
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.
Comment
Moving SL to BEComment
Fixing 2/3 of profit and SL remains at BE
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