Audcadshort
Wait for break key level for the pattern to complete with AUDCADH4 time frame.
Structure: Downtrend with Simple Flat.
Pattern: Simple Flat reject resistance at 0.94000.
Key level at 0.93000. Wait for break key level for the pattern to complete.
Then wait for set up to sell.
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Wish you all have a good trading day!
💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 0.9261
TP2= @ 0.9247
TP3= @ 0.9234
TP4= @ 0.9215
TP5= @ 0.9194
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9261
TP2= @ 0.9247
TP3= @ 0.9234
TP4= @ 0.9215
TP5= @ 0.9194
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUD/CAD New Short Setup To Catch 170 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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AUD/CAD Best Sell Area Very Near To Catch 190 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW : BEARISH
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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AUDCAD SELLThis analysis has touched stop loss in a past but i saw recently the oportunity to sell. So, let´s go! Do Your own analysis please this is only practice.
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Price was not to far from entry so you can still call it live and active (no hindsight)
AUD/CAD New Short Setup Available After Trend Retest !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD facing bearish pressure, potential for further downside!Price is facing bearish pressure as it continues to hold below the descending trendline and Ichimoku cloud resistances, in line with our bearish bias. We could potentially see a reversal at 1st resistance, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance and descending trendline resistance, and further downside towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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AUD/CAD Full Analysis And How To Trade In Ranges !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD - Bearish BiasAUD - Strong Bearish
1️⃣ Investors this week are expected to be cautious ahead of the FOMC meeting and avoid putting money in high-yielding countries.
2️⃣ Recent disappointment in AU business and consumer confidence.
3️⃣ RBA minutes from the June meeting show that the board agreed it would be premature to consider ending the bond-purchasing programme and policy would need to remain highly accommodative to reach full employment.
CAD - Weak Bullish
1️⃣ The Canadian central bank was the first among advanced economies to slow the pace weekly of government bond purchases, now traders expect the next taper to come at the next monetary policy meeting on July 14th.
2️⃣ Oil prices hit their highest since October of 2018, with WTI crude extending gains above $72 per barrel, supported by an improved demand outlook as an acceleration in COVID-19 vaccinations helped lift travel restrictions in Europe and the US.
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Technical
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We are selling the AUDCAD at the resistance + below SMA50 + at the pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCAD potential for further downside beyond pivot, further dropAUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension. If prices reverses from 1st resistance, prices might face resistance from 127.2% Fibonacci retracement and 78.6% Fibonacci extension. MACD is also showing a bearish crossover, showing a bearish pressure for prices.
