AUDCAD M15 SHORT PRICE ACTION FORECAST The pair has been trading sideways within a precise range recently close to the resistance level from the channel to continue its downward movement to the support level, allowing for a short entry for a pretty decent R:R
The order:
Type: sell-limit.
S/L: 9 pips - R:R | 1:3 -
T/P: target support level
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Audcadforecast
AUD/CAD Wave Analysis The counter has made a strong move from the low of 0.80 handle to 0.93 handle in just 3 months.
The move could be attributed to a 5-wave pattern and it is now in corrective mode.
It has completed waves A and B is going to kickstart wave C.
The resistance zone around 0.93 handle proves to be a tough nut for the pair despite trying to take it down thrice.
It makes a price action imminent and hence, we expect the pair to be bearish in the short-term.
AUDCAD - SELLWe are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
AUDCAD H1 SHORT PRICE ACTION FORECAST
A downtrend confirmed on three different timeframes (H1, H4, D1). The pair is trading under bearish pressure.
Price in a pullback heading to a nice area for a short setup.
The order:
1st entry:
Type: sell-limit:
S/L: 52 pips - R:R | 1:2 -
T/P: aiming to the next supply zone
2nd entry:
Type: sell-limit:
S/L: 56 pips - R:R | 1:2 -
T/P: next supply zone + trendline
AUDCAD H4 SHORT PRICE ACTION FORECASTStrong bearish pin bar forming at a resistance level in the realm of D1, together with a clear divergence with MACD, gives sufficient confirmation for a correction of the bullish momentum.
A sell-limit entry in H4 is placed expecting price action to trigger order after a small pullback before continuing the downtrend. The setup for this entry is as follow:
S/L: 90 pips R:R | 1:2 T/P is aimed towards a previous support level.
AUDCAD-- sell market going sell strongly Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free)
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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_______________________________________________________________________________________________
Thank you for your support!
AUDCAD-Bigger Trader coming soon Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free)
Never Trade alone
we really hope you enjoy All trade..
Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_______________________________________________________________________________________________
Thank you for your support!