Possible scenarios for AUDCAD

2 days ago

as can be seen on the chart the price has tried multiple times to break the resistance labeled as R1 but failed but still, it looks like there is bullish momentum and to benefit from that we have 2 choices first put a buy-stop order on the R1 and place the stop loss of 0.89549 but it is a bit risky for more confirmation of bullish trend it has to retest the R1 after breaking it and then to trade which is our 2nd choice if it goes in our way the next possible stop for the price is R2 which has also been marked