AUDCAD CUP & HANDLE

Hello traders and welcome! Today, let's take a look at the AUD/CAD daily chart, presenting a promising trading opportunity.

The price on its daily chart has formed a U-shaped price action structure, representing a Cup and Handle pattern. Currently, the price is trading below the breakout level, which is at 0.90567.

Stops are set at 0.89678 to manage risk effectively.

Target Zone 1:

62% AB: 0.93610
79% AB: 0.94437

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