AUDCAD
Adding to the watch list-Short at a Key levelSeeing price at a significant key level that price has strongly rejected from before. Showing deceleration in momentum as a good sign of a lot of selling pressure available here.
First entry already taken at 0.91835, Second entry placed at 0.92, another key level and round number.
Double hedge Placed just above the second entry at 0.9217
Both targets at 0.9125.
60 pips profit if only the single position Reaches target
50 Pips max risk, 140 pip max reward if both positions are triggered.
AUDCAD :TRADING ON SUPPORT AND RESISTANCE LEVEL We are doing analaysis at support and resistance level and put pending orders of sell stop and buy stop in both levels further details mention below about how to execute orders in MT4
1...Buy Stop Order
Entry Price:0.91773
Stop Loss:0.91671
Tp1:0.91875
Tp2:0.91997
Risk Reward 1:1
Overall Risk 2%
2...Sell Stop Order
Entry Price :0.90861
Stop Loss:0.91043
Tp1:0.90679
Tp2:0.90497
Risk Reward 1:1
Overall Risk 2%
📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: On a daily TF, the AUD price has crossed the 20-day and 50-day moving averages and is now trying to break through the 100-day moving average. This may suggest that there is selling pressure on the currency. However, it's important to note that the price is still moving within a channel on LTF.
🎯 For an ideal entry: To confirm a bearish bias, I suggest waiting for the price to break below the channel on the 4-hour chart, and also fully break the moving averages. Otherwise, no entry.
AUDCAD: Don't miss these sells...Price has formed significant equal lows near a key psychological level.
I expect price to play buyers, lure them in while wiping out seller liquidity only to return to sweep again.
If my theory is correct we should see pushes back up into the structure zone, followed by manipulation, then a rollover to the downside.
I like the look of this and will keep my eye on it, do you feel the same?
Let me know what you think in the comment section.