AUDCAD: Typical Price-Action Sequence Short!
As mentioned in previous ideas, AUDCAD has succeeded one Buy-zone and is in the process of gaining entry to a secondary Buy-zone.
However! A major pull-back is due. "Typical Price-Action Sequence" is one example of anticipated pull-back-trade-setup.
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Audcadshorttermsetup
Analysis AUDCAD#100
sell range: 0.96411
Targets: 0.96221- 0.96031- 0.95841
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.96601)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.96411(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
AUDCAD LONG! Multiple Opportunities On 4HrPrice is at the moment trading below a trendline that's due for test.
Break of trendline to upside validates upside targets above trendline.
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2 short trades for #AUDCAD#AUDCAD touched an important resistance and the upper trendline of the bearish channel on Daily.
Maybe, it's not enough to enter for a short but we can start to build our "cage" with low size.
The strong bearish movement will probably begin from 0.9033 which is a previous high impulse (Jan 23rd).
So we can suppose for a double trade:
1.
Entry point: 0.9033
SL: 0.90513
TP1 0.9001 (for an Intraday Trade)
TP2 0.888
2.
Entry point: 0.8986
SL: 0.90513
TP1 0.888
TP2 0.882
AUDCAD @ 30 min. @ surprisly Aa & Bb wave at week startTake care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron