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Audcadshort

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
Short
by Adhemola
6
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
by ktlfx
AUDCAD pullback before continuationAUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below. Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down. We are already seeing rejection from this area, this is an opportunity to look for price action signals for a short position. On the chart is a conservative target but with a stop loss above this area of previous resistance around the 0.91600 mark, this would still represent approx 1.5 R trade. NOT financial advice, make your own trading decisions.
Short
by HayeTrading
30