AUDCAD Approaching Key Resistance with Potential for Downtrend

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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.
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Moving SL to BE
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Fixing 2/3 of profit and SL remains at BE
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audAUDCADCADChart PatternscryptopammTechnical IndicatorsSELLshortsignalTrend Analysis

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