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Audcadanalysis

TRADE UPDATE: AUD/CAD is below the 200MA and showing downside AUD/CAD trade update is still underway. It's looking good since it broke below the neckline of the Head and Shoulders It's been a long hold, but now that the price has broken below the 200MA means, we can see some traction to the downside. 21>7 - Bearish Price>200 - Bullish RSI <50 Bearish div Target remains 0.8735 SMC: With the Buy Side Liquidity Order Block, it shows that Smart Money indeed swept the buy orders by selling into them showing they wanted to increase the supply (selling pressure). These all indicate we are on the right side, despite the positive sentiments coming from the stock markets worldwide.
Short
by Timonrosso
Liquidity piercingThe shooting star candlestick made a huge liquidity piercing and dragged the price down to mitigate the inner demand zone which pushed made a contraction that respected the breaker. The breaker block led price to decline even more to break the structure and create divergence. The divergence pushed up and mitigated the supply zone to give us the stunning opportunity to sell all the way to both 1h and 4h liquidity pools. After the 1h liquidity sweep, price made a short pullback to wick that got broken and continued to go bearish to hit the target. Price pierced the 4h liquidity pool way too much than expected, but we still have a possibility of going bullish because we have more like a falling wedge and price just made a third touch to complete the three drives pattern, we have a doji candlestick as the current one, this good be the strong beginning of a bullish market…
by tokelohomi
AUDCAD BUYAlright so basically AUDCAD is going for a buy for about 200 pips plus before we can except a meltdown of a sell, a pullback needs to occur in price based on pure price action we would be expecting a buy, if you focus on this analysis you would notice before price broke the Trend line price first then created a W pattern which signifies that a possible reversal has occurred on the support level so we patiently wait for price to retest or retrace back before we can take our buys. Drop a Comment please on what you think on this Analysis or think about AUDCAD. Thanks
Long
by GoCrazyfx0