AUDCAD FALLING from strong RESISTANCE zone

921
All my forecasts for this currency pair since the beginning of the month have come true.
Price sequentially:
First, it returned from the resistance level to the support line.

AUDCAD on SUPPORT level. BUY SIGNAL


Then she took advantage of this line and began to grow.

AUDCAD profit +58 PIPS. Continues GROW


And recently it has risen from the support level to the resistance line - there it has worked out a signal to buy plus.

AUDCAD excellent signal


And now you and I can see that the price came to the intersection of two resistance lines. One of them has existed since July, the second since May.

istantanea

Together, this creates a strong barrier to price increases. Therefore, I am confident that the price will fall in the near future. I doubt that the drop will be very sharp without any correction. However, I expect that the price will eventually come to the resistance line.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻

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