AUD/CAD Double Top Reversal Pattern Analysis: 📉📈

Greetings, traders! Let's delve into the analysis of the AUD/CAD daily chart, which is showcasing a compelling trading opportunity:

Pattern Identified: 📊

Double Top Reversal Pattern.
Current Price Position: 📈📉

The price has broken below the Neckline at 0.88775.
Trading Plan: 📉📈

Neckline Breakout:
The breakout below the Neckline at 0.88775 suggests a potential bearish reversal.
Targets: 🎯

Target the 100% retracement level at 0.86900 for a potential downside objective.
Risk Management: ⚖️🛡️

Implement a sound risk management strategy, including the use of stop-loss orders to mitigate potential losses.

Best of luck with your trading decisions! 🚀📊