AUDCAD shortI believe this would be a great setup if we reach and reverse from the top of the channel with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
Audcadshort
AUDCAD | Perspective for the new weekThe scope of a very strong bearish momentum on the daily time frame and a reversal set-up (double top) within the major supply zone at C$0.92400 shares a confluence with the bearish trendline to signal a selling opportunity for us in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Top)
Observation: i. Despite a long term bearish momentum identified on the higher time frame, the last 30 days witnessed a consistent rise in the value of the Aussie over the Canadian dollar but the momentum appears to be thinning out and this can be identified on the chart as a double top structure.
ii. Attempts made by buyers to break above C$0.924 was met with strong resistance during last week's trading session to insinuate that the bullish trendline may no longer be strong enough to hold price action above it.
iii. It is worthy to note here that, the reversal set-up (double to pattern) awaits confirmation at the breakdown of key level @ C$0.91600 to incite the risk of a decline in price value in the coming week(s).
iv. In this regard, I shall be waiting to take advantage of selling the Aussie anywhere below the key level @ C$0.916000... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:3
Potential Duration: 3 to 8days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDCADHello Tradersss :))
here we are just waiting for the price to touch the supply area at 0.92818 and I personally use price action as confirmation and don't forget to take care of your money management..:))
thank you for visiting and if you like it please press the like button here I really appreciate it.. :))
audcad ready to big sell in trend are you ready ?audcad ready to big sell in trend are you ready d1 trend is bearish now time to continue in d1 trend h4 corrective complete
AUDCAD ShortHey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.92 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Selling AUDCAD nowSelling back to the shown levels. 0.5% risk between 2 orders. AUD looks to be falling off at different rates against various currencies in the coming time. Stops above the zone shown here.
AUDCAD is reaching a KEY level for a SELLHi Traders,
AUDCAD has been making bullish continuations over again however it failed to continue its momentum higher as it made a reversal Impulse and then correctively moved within an ascending channel. As we know this type of channel shows a reversal is imminent and we are approaching a double top level to add confluence to this short position.
Looking at price action for confirmation.
Follow your plan and entry criteria.
Good luck
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AUDCAD FOR MORE BUYSFollowing the last update on this pair, we have seen more upside continuations.
Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside.
Uptrend, pullback/higher low formation, these confluences are key to taking our long positions on this one.
AUDCAD Multiple Opportunities
First approach is to confirm price rejection DOWN to Buy-zone.
Next approach is to confirm price rejection to UPSIDE Targets.
This idea supports previously shared idea with its updates at
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
AUDCAD with a retest of the downtrend!!AUD-CAD is about to retest the descending resistance at 0.925
Because the level is strong
I expect a bearish reaction
With the goal is support below 0.9000
AUD/CADOn this pair we should wait until the price arrives at our marked zone , supply zone , it's creating a great channel and it has a break of structure and imbalance upside , so we wait the price to fill the candles and to see how the price reacts at our zone .
AUDCAD | Good Sell Opportunity.When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend.
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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 Opportunity on AUDCADFX:AUDCAD
As we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average
Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe.
There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance.
There is also a Double top pattern on 4hrs Timeframe
NB
The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care
That is my submission
Looks bullish..Hi Traders,
AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary.
Keep this one on your watch list
Follow your trading plan!
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Share a comment below and let me know your view on this pair!
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
please like comment and follow
AUDCAD - ShortShow the ROCKLINE which made price has hug reaction but can't go down - Now u can see the candle under the ROCKLINE - We'll find the SL of BUYER to Take profit
AUDCAD SELLS H4We have interesting confluence happening here.
- Has wicked of a weekly order block
- Restest of a daily anchored VWAP
- 200 SMA touch
- TMA bands heavy sell zone
- OBOS showing heavy overbought
Sell level and stop loss shown, as well as various TP levels.
1% risk used, at each TP level 0.25% closes. Once we hit TP1, the whole order goes risk free.
AUDCAD buyers become fewerThe weekly chart indicates that there is still buying power there, we therefore need to move up another bit before sellers enter the market in numbers.
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!
Short AUDCAD Double TopNice risk reward profile on this DT at a good structure level
Lets see how it plays out - in this trade as above
AUDCAD Down Trend.!#AUDCAD Looking for Sell trade setup as I mentioned in the Chart.!
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ThankYou.!
