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Reeling in Profits: A Comprehensive Guide to Short AUDCAD🚩 New Signal Notification - Swing Trade 📣 Attention Traders! 📈🔍 🔹 AUDCAD, Short when Pullback to Supply Zone 🔹 📊 Here are the key points for a potential trading opportunity in AUDCAD: 🔹 AUDCAD, 8H, ICT Short setup🔹 From our AI screener, we found CAD in Daily chart timeframe is going to Strong side right after the BoC Interest Rate Decision on 6th Dec, 2023 which made CAD pairs got 8H ICT, Short setup. Here we bring you a great chance to watch and earn! The Bank of Canada (BOC) has decided to keep the interest rate at 5% for the third consecutive decision, as expected. The short-term interest rates are the primary factor in currency valuation, and a higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. The BOC’s tone of the statement hints that there will be no rate hikes in the near future. So, if you’re planning to invest in CAD, this is a good time to do so! 💰💸 TA: By simple ICT setup, we found there is a ICT Short setup in timeframe 8H. Last week, 8H bar highs were rejected from the fair very gap (FVG) and formed a Lower High Our idea to the next support levels below as shown. AUDCAD is one of our focus this week, Only Short strategy, may be landing slowly to the support levels Target 1↘️ 0.8879 Target 2↘️ 0.8815 Target 3↘️ 0.8752 🔔Short entry near this Supply Zone: 0.8960 to 0.8945 Keep a close eye on these levels and trends in AUDCAD for potential trading opportunities. Remember to manage your risk and trade responsibly! ✅ Stay tuned for more updates and analysis. Happy trading! 🚀💰
Short
by ICT_Trader_SB
1
weekly time frame overview | USDCHF supply zone in control USDCHF established a potential weekly supply imbalance ( w potential imbalance ) in between two zones W supply zone and W demand zone indicating more strength for bear sentiment and also a possibility for a range between this two zones. if the w potential imbalance remains the W supply zone will be in control. also if the W demand zone will take control the w potential imbalance will be raided out giving strength to W demand zone thus a bullish sentiment.
by ExtraOrdy
EURUSD Long term short ideas from 1.10500 (or 1.11000)This idea is based on my higher time frame bias that I have marked out from a while back, as we are steadily approaching a key level on the HTF. I'm going to be expecting EU to melt back down towards 1.07500 or lower to fill in major imbalances that have been left from before. In addition to this, we are entering the 0.78 region of the fib range which is a more premium zone to sell. As of now I will be waiting for price to slow down momentum and start showing some signs of weakness, in order for give us a a better sign that price is ready for a reversal. Ideally I want to wait for the 8hr supply on top of the daily however, if we see our lower time confluence i.e. Wyckoff distribution & CHOCH, I will be then looking to enter and hold on an intra-day basis. Confluences for long term EURUSD shorts are as follows: - EU is overall bearish on the higher time frame like the (monthly and weekly) - This is a pro trend trade that will be following the overall market trend. - Internal structure is also bearish as we have CHOCH on the higher time frame with a BOS. - Price is approaching a daily supply zone that has caused a BOS to the downside. - Price is also entering the 0.78 area of the fibonacci range good sign for a potential reaction. - Lots of FVGs on the higher time frame below as well as major pools of liquidity points. - Price has also swept lots of liquidity to the upside and has take out most of trend line Liq. P.S. Personally, I see price most likely reacting off the 8hr supply above the daily, just because there was a previous consolidation that still holds some liquidity above it. Hence why I will be waiting for that to get swept to mitigate the institutional candle that was left by the 8hr POI.
Short
by Hassan_fx