Audcadshort
AUDCAD (1H) OUTLOOK - BEARISHGood Morning Friends,
Am taking a good look at AUDCAD (1H)🔥🔥🔥
AUDCAD price currently is playing inside a flat bottom triangle, and price is correcting/heading to touch the trendline from where seller will step in to push price down to 0.91043 area (lower bounds of our flat bottom triangle).
MACD (1D) clearly indicates that sellers are still present and willing to deal. MACD (1H) confirmed this as there are not buyers present at all.
Entry would be idea if price kisses the trendline, with STOP LOSS at 0.92134, TARGET at 0.91043
RRR of 1:3.42 (25.0:85.5 pips)
I will update here if anything changes
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AUD/CAD 4HR CHART SELLHi everyone this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is still in a downtrend so i am expecting a pullback to the order block zones and will be looking for a sell trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
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
Possible 4R Short AUDCAD 01 Nov, 2021From my daily chart, note the S/R levels (zones) at 0.9340 and 0.9115.
The preceding trend was bearish after which this pair has been moving in a sideways manner. When this happens, the higher probability is for the bearish price action to continue.
We are quite close to the top of this consolidation zone thus providing the opportunity for a high R/R trade opportunity.
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Always use sound money and risk management in all your trades.
AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community!
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AUD/CAD:DOWNTREND|FLAT MARKET| SHORT SETUP 🔔The Bank of Canada is holding its monetary policy meeting next week, and inflation indicators support the hawkish attitude of the central bank. Recall that markets are now pricing in a rate hike in April.
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AUDCADBullish Indicators:
Support zone at 0.90940
Bearish Indicators:
Resistance zone at 0.92023 Fib level 38.20%
Plan A: One can take long position on the breaking of resistance zone at 0.92023 for the target of 0.92689 and 0.93163.
Plan B: On the breaking of support zone at 0.90940 one can take short position for the target of 0.90658.
Wait for a buying opportunity with AUDCADH4 time frame.
Structure: Downtrend.
After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared.
Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities.
The profit target is the 0.92700 zone.
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Wish you all have a good trading day!
AUDCADBullish Indicators:
1) Double bottom
2) Support at 0.91131
Bearish Indicators:
1) LL LH
2) Downward Trend
3) Descending upper trendline
4) Resistance at 0.91752 Fib level 23.30%
Plan A: One can take long position on the breaking of descending upper trendline for the target of 0.92290.
Plan B: On the breaking of support level 0.91131 one can take short position for the target of 0.90658.
AUD/CAD: Price continue to falling like predict..waiting target.Welcome back Traders, Investors, and Community!
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