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Audcadshort

AUD/CAD - Short the Bear Flag.Hey, I am back with another idea this time looking at AUD/CAD which is in a Bear flag. Best possible entry for this flag would be 0.95600, with a tight stop loss as when this level gets broken more than by 10 pips, this would deny the pattern. On 15 min chart we can see that the price is trying to break the resistance of 600, but it's missing way more momentum for the break, so entry at 0.95550 is also good for this short trade, but then you SL would be 15 pips and not 10. Also notice the MACD that is about to give a sell signal if strong buying volume doesn't come. Same for RSI if drops below 60, it's going down. And that's all from me about AUDCAD, good luck with this trade! Cheers, Tibor
Short
by TiborVrbovsky
AUDCAD going downThe price has broken the last higher low and that makes me think that the price will go even lower, the ema 89 is currently above the price but before jumping into conclusions I will wait for a better confirmation before entering on a sell. . . . . . El precio rompió el alto mas bajo anterior lo cual me hace pensar que el precio va a bajar aun mas, la Ema 89 esta justo en el precio en este momento, pero yo voy a esperar una mejor formación de velas que me demuestren que el precio bajara mas.
Short
by anaju17
AUDCAD back for short 🦐The Price broke an ascending daily channel, the price smashed on weekly resistance at the top creating an head and shoulder pattern (red one). We can suppose that there will be a retracement on daily resistance (blue one) or more deeply to the weekly one(red one). We will place a short order according with Plancton's strategy when the price will give us the correct signal. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip