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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Retest) Key Level: 0.92050 This is the area where you're looking for a potential short entry based on several factors: Reasons for Entry: ✅ Major Turn Level: A significant area where price has historically reversed. ✅ Visible Range LVN: A Low Volume Node on a volume profile, suggesting a weak price area that can be easily passed through if tested. ✅ Channel Break: Price breaking a channel structure, indicating potential for further downside. ✅ Day/Week Low: Price is near or at the low of a daily or weekly timeframe, adding significance to the level. ✅ Fixed POC Break: The Point of Control (POC) from a fixed range has been broken, signaling possible trend continuation. ✅ Fibonacci Golden Zone: The price is in a key Fibonacci retracement zone (61.8%-65%), which often serves as a reversal area. ✅Target Area (Bullish Reversal) Key Level: 0.91000 This is where you’re watching for a potential bullish reversal. Purpose of this Analysis The goal here is not just to trade for profit but to spread knowledge and understanding about strategic entry and exit points. You’re focused on ensuring that decisions are backed by multiple reasons (more than 5 in this case), ensuring well-rounded and confident entries or exits.
Short
by GentleGoldenEngine