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Audcadshort

Dip Under the Deep Blue Line While price is still above the blue line, there will be no entry. Once we dip under the blue line, re-test as resistance and give confirmation of a bearish candle, one is free to go short. We missed the previous pull back opportunity of entry, hence the big stop loss. You can make it much tighter, but the big boys might want to have one more go at the bears for some liquidity before pushing the market down hard. If the manipulation is to happen, its lightly before our entry rules are stratified. Play it cool and let the market come to you. GOOD LUCK. :-)
Short
by Kani_forex
AUDCAD - Expect UpriseI would like to see a slight pullback to re-test the previous order block-level marked. The SL is protected by the daily ATR range and the TP is at a strong daily demand level. If we see price retrace slightly more I may consider setting a buy limit in hopes of getting a wick entry on this pair. The only thing that could be potentially detrimental to this idea is the AUD employment change figures on Thursday, so fingers crossed this setup will become available early in the week. COT Data - 56% Short
Long
by AlkalineFX
AUDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market reached resistance level that had pushed price way down last time, as expected price is now moving down. We can see W formation and expect drop to test the neck. W > Price made 3 attempts to break monthly resistance and after failing moved down to create a LL. Price had a pull up to test supply zone and we can see rejection wick on weekly candle. D > We saw an M formation and after creating LL price moved up to complete the formation, we now expect continuation of bearish trend. We have two targets, 1st is weekly demand zone and 2nd target is till neck of W formation. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. 4H > Price make a pull back to test support level now turned resistance to capture liquidity and should continue with bearish move. Pair Correlation > AUDCAD has positive correlation with AUDUSD and NZDCAD and negative correlation with GBPAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
AUDCAD - SELL - 4H ResistanceAUDCAD - SELL - 4H Resistance Analysis of the AUDCAD on 4H chart Here is the SELL trade setup for AUDCAD Sell @ Market Stop Loss @ 0.95791 Take Profit Option 1: @ 0.93908 3:1 reward-to-risk ratio Take Profit Option 2: Breakeven @ 0.93908 Hold for a continued move ------------------------------------------------------------------------------------ ⚠ Disclaimer! The content of this analysis is subject to change at any time without notice. ⚠ It is provided for the sole purpose of assisting traders to make independent investment decisions. ⚠ You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Short
by UnknownUnicorn5418842