AUDCAD Sell Setup at 0.9045

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AUDCAD Sell Setup at 0.9045AUD/CADOANDA:AUDCADjustforfreelauncingI'm looking to sell AUDCAD at 0.9045, targeting a move lower based on key technical confluences. 🔹 Key Reasons for Entry: Resistance Zone: The price is testing a key resistance level around 0.9045, which has previously acted as a rejection point. Moving Averages: Price is near the , aligning with strong resistance. Trend Structure: AUDCAD is in a bearish structure on the timeframe, forming lower highs. Fibonacci Confluence: 0.9045 aligns with the retracement level from the last swing. 📉 Trade Plan: Sell Limit: 0.9045 Stop Loss: Take Profit: Risk-Reward Ratio: If the price confirms rejection at this level, I expect further downside towards the . Let me know your thoughts! 📊🔥 Feel free to adjust SL/TP levels based on your strategy. Would you like me to add any additional details?