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Audcadidea

AUDCAD | Might get a Sell Opportunity.When it comes to the technical analysis of AUDCAD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area. And also don't forget to place the stop just above the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
AUDCAD 4Hr short Overview: Long Trade currently in play for Target 0.94720 as described in attached link: However, reversal/ pull-back is likely starting from current price through 0.93556 for target 0.91474-- Therefore confirm reversal cues at 0.93556 prior executing short entry or closing Long position. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
AUDCAD - A beautiful series of 1-3-5 patternsAUDCAD is producing a beautiful series of consecutive 1-3-5 patterns. All with lower highs and lower lows. 1st set in Orange 2nd in Purple 3rd in Green 4th in Blue heading toward completion. We are looking for a stunning reversal at the completion of Blue 5 (if price gets there). Right now market has a fib ext of 2 so we can expect some short term buying perhaps but if this price drops below the last low (blue 3) we can staring looking for the LONG.
by enzenator
AUDCAD: Typical Price-Action Sequence Short! As mentioned in previous ideas, AUDCAD has succeeded one Buy-zone and is in the process of gaining entry to a secondary Buy-zone. However! A major pull-back is due. "Typical Price-Action Sequence" is one example of anticipated pull-back-trade-setup. Remember to always follow updates on shared ideas Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked