Today, I’ve spotted a shorting opportunity on AUDCAD!
DCF: Capital flow favors the Canadian dollar (+7) over the Australian dollar (-3).
On the daily chart, the new downward move (Leg 1) signals the start of a fresh trend.
Currently, the price is making its third reaction from the low, aligning with lower TF supply zones and the cyclical resistance line. The fourth time unit must form a red bar; otherwise, it suggests that the downward momentum is weakening, as reactions typically last only 1–3 time units before continuing.
Ideally, identifying a Bull Trap—a bearish liquidity pattern—would serve as strong confirmation to add extra short positions.
DCF: Capital flow favors the Canadian dollar (+7) over the Australian dollar (-3).
On the daily chart, the new downward move (Leg 1) signals the start of a fresh trend.
Currently, the price is making its third reaction from the low, aligning with lower TF supply zones and the cyclical resistance line. The fourth time unit must form a red bar; otherwise, it suggests that the downward momentum is weakening, as reactions typically last only 1–3 time units before continuing.
Ideally, identifying a Bull Trap—a bearish liquidity pattern—would serve as strong confirmation to add extra short positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.