Audcadforecast
AUDCAD Big Short aheadAUDCAD broke out last week, current price action seems to be forming a higher low to then start of fresh falls, since overall momentum is quite weak on this market when looking across bigger picture. Keep watching this market for a possible shorts ahead.
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AUDCAD - 100 Pips Short PossibilityAUDCAD. AUD has not fallen against CAD while it has fallen against other currencies.
It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken.
*Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell.
Happy trading.
AUDCAD Long the structure pull backAUDCAD Long the structure pull back
Broke Neckline and formed a cup and handle.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
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AUD/CAD - Potential SetupsAll my trades are done in cycles, I look to see what is about to happen based on the S&R. I am bullish up to the trading range above, and for the price to hit that bottom of the range, but I execute on micro time scales (4hr 1hr 30 etc) with macro S&R (2month, month, bi weekly, weekly) I wait for price to hit these key levels and wait for price action signals to confirm the potential move up or down. This way you can maximise movements instead of having a huge drawdown before you get into profit. I'd like to believe if we get strong enough price action or a high time frame bullish close, to take us to the top range. If we go bearish but as the black lines show these are what I believe the future playouts to be within this pair. over the next few days maybe weeks as this is a 4hr time frame. I don't post these to gain publicity I actually only post these to keep a journal of my trades, if they help you then thats brilliant.
AUDCAD SHORT BUY MOVEMENTPair makes an incredible upward movement and is supported by the 0.9830 price level, so it will keep pegging upwards to go towards the end level at the 1.0050 level. Pegerakan quite promising because there is a line resitance and support lines side by side. If the price does not move down to the level of 0.9800 then this movement will continue.
A retrieval to the lower timeframe supports the move to the 1.0050 level so that a good enough level to take advantage is the 0.9990 level to get the first safe point. If the movement continues then the level of 1.0050 will be achieved.