AUDCAD H4 SHORT PRICE ACTION FORECAST Price has recently broken the neckline from the H&S, confirming the seller pressure over the AUD. It allows the setup of a short entry after the expected pullback to retest the neckline.
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:6 -
T/P: demand zone
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Audcadshort
AUDCAD SELL at @ 0.94800 SL 0.95200 TP 0.94200If you see the AUDCAD chart H4 time frame, we can see a new Head & Shoulder pattern, which is sharply braining out of the neckline. We are going short on this pair from the price 0.94800 with a stop loss at 0.95200, and our target level will be at 0.94200.
AUDCAD Short A head and shoulder pattern has been formed, usually we wait for a small re-test than enter the trade.
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AUDCAD - SWING - 11. AUGU. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bearish market open and pressure below main sr level.
4 HOUR
Prices broke back into our trend following midterm.
DAILY
Overall bullish market at its lows, good long entries!
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FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.95570
SL @ 0.95130
TP @ 0.96240
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Possible Head & Shoulder Pattern For AUDCAD!! BEARISH outlook...We can currently see a nice possible head and shoulder pattern forming in this daily time chart. I will be looking out for a nice rejection off resistance level @0.9615 (forming the right shoulder) before we see a bearish movement starting to form. We should be looking out for a nice rejection at that level. Price could potentially move to 23.6 fib level where it will meet the broken trend resistance which will be an area of support for us to look out for.
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AUDCAD ROADMAP currently, price playing inside a trendline channel and potentially forming top formation (H&S pattern), bearish divergence on MACD indicates as the first sign of reversal might occur if the buyer failed to break out the 0.9690 resistance level.
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AUDCAD NEW VIDEO ANALYSISHi Traders, here is the full Video Analysis / Breakdown for AUDCAD.
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Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
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