Audcadsell
AUDCAD - SWING - 20. APR. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Very bullish market structure slowed down.
4 HOUR
PA waving slowly, expecting a small push to the downside.
DAILY
Overall very bullish market at resistance, good short entries!
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.89140
SL @ 0.89620
TP @ 0.88450
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCAD Head and Shoulder Inside a Rising WedgeHEAD AND SHOULDER in a RISING WEDGE <3
AUDCAD is forming a head and shoulder pattern inside a rising wedge.
Approaching its daily dynamic resistance, it has made a "hanging man" candle which is a sign of rejection from the top.
At the same time, AUDCAD has already passed EMA 9 20 and 50 which is a good sign for selling.
If 0.8840 will be broken, this may start a 100 to 200pips drop for the bears.
Do you agree? Please do leave a comment. Thank you.
AUDCAD Market Outlook | Daily Forex Market BreakdownAUDCAD
Very similar to AUDUSD, we have made a higher high in market structure and we will be needing to come back down and retest lows are some point. Keeping a very sharp eye on AUDCAD. Keep in mind .90 is a strong psychological key level, we are sitting right under that so we could easily wick up and reject off that and roll over to the downside. Patience will be key.
AUDCAD - Ascending Wedge / Potential Rejection📢AUDCAD 4H - Technical Breakdown
📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside.
📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the blue box, as price action looks over-extended it's best to assume a rejection will take place upon market open. A rejection should see price levels return to the support of the ascending wedge resulting in a low risk, high reward swing trade netting in excess of 200 pips.
AUDCAD - FOREX - 04. MAR. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish takeout of shortterm short holders.
4 HOUR
New LH formed, down now!
DAILY
Overall bearish market with upsite pullback, great short entries!
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FOREX SETUP
SELL AUDCAD
ENTRY LEVEL @ 0.88170
SL @ 0.88920
TP @ 0.86670
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN