AUDCAD shortAfter almost the second day of the market, most of the empty spaces were filled
Now we can look at audcad in descending order
In the range I drew, we can wait for Sell's position, but with confirmation ...
I will not enter lower timeframes without confirmation
The meaning of confirmation in lower time frame is that, for example, in 15 minute time frame, it can give us a sign of falling from that range.
Audcadsell
Sell limit AUDCADI noticed that there is an average of a 368 point difference between the past 3 market structure high (MSH) in the daily chart. This average is confirmed by the major descending trendline which brings us to the next possible entry that has been respected since Sept 2021, rejecting price 3 times. Also, the Stoch shows overbought and crosses.
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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Looks like a reversal will be coming soon Hi Traders,
AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel.
Follow your trading plan and make sure your entry meets your rules. Patience is key.
Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you.
Good luck!
AUDCAD- SELL strategyThe market is slightly overdone, but I am afraid we should not buy even it is slightly oversold. Rather, we should sell into the minor correction that will come.
The stochastic is low, and could cause a move higher from here, but the conversion line has gone through the base line, and should be considered to be a strong indicator.
Strategy is SELL between 0.9070-0.9090 for a move below 0.8925. Stop loss above 0.9157.
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is in a sellers market still, so i will be looking for a pullback to order block zones and take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is in a sellers market, so i will be looking for a pullback to order block zones and take sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUD/CAD---CONTINUE THE DOWNTRENDThe Australian dollar initially tried to rally against Canadian dollar this past week, but as you can see, we continue to see a lot of selling pressure near the 0.93 handle. We have been grinding lower for a while and it now looks like we are getting ready to rollover to continue the overall downtrend. This does make a certain amount of sense, considering just how strong crude oil suddenly is. At this point, I anticipate that this market will revisit the 0.90 level.
AUDCADThis pair looks BULLISH in a the Longer time frames (W, D) but it seems to be struggling to break structure that confirms the bullish bias. There is a likely short term SELL opportunity that is currently present. The other option is to wait for the market to continue accumulation, break out of structure and then find an entry on a retest. Goodluck!