AUDCAD at Key Resistance – Will Sellers Step In?

20 feb

AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.

The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure.

Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!

20 feb

Trade attivo

25 feb

Nota

I am thinking of setting break even.

27 feb

Nota

It started to show some signs of strength eventually

27 feb

Trade chiuso: obiettivo raggiunto