AUD/CAD Bearish Rejection Setup – Short Opportunity from Key Res
EMA 200 (blue line): 0.86328 – long-term trend indicator.
EMA 30 (red line): 0.86473 – shorter-term momentum.
Price is currently trading below the EMA 200, and approaching the resistance zone, hinting at a possible short opportunity.
🟪 Key Levels Highlighted:
Entry Point: Around 0.87240, near the upper boundary of the resistance zone.
Stop Loss: Just above resistance at 0.87758.
Target Point (EA TARGET POINT): At the demand/support zone of 0.84734.
📉 Bearish Setup Summary:
Risk/Reward Ratio: High – the chart targets a ~2.78% downside move (~242 pips), suggesting a favorable setup.
Bearish Structure:
Strong prior downtrend leading into a potential lower high formation.
Price is reacting to a known supply zone.
A possible double top or resistance rejection pattern forming.
🧠 Confluences Supporting the Trade:
EMA alignment – price below the 200 EMA.
Bearish reaction at supply zone.
Clean drop zone – minimal structure between entry and target area.
Bearish rejection pattern potentially forming.
⚠️ Watch Out For:
Break and hold above 0.8775 would invalidate the setup.
Fundamental catalysts (especially AUD or CAD-related news) may add volatility.
A strong bearish rejection candle around the entry zone would increase confidence in the short position.
EMA 30 (red line): 0.86473 – shorter-term momentum.
Price is currently trading below the EMA 200, and approaching the resistance zone, hinting at a possible short opportunity.
🟪 Key Levels Highlighted:
Entry Point: Around 0.87240, near the upper boundary of the resistance zone.
Stop Loss: Just above resistance at 0.87758.
Target Point (EA TARGET POINT): At the demand/support zone of 0.84734.
📉 Bearish Setup Summary:
Risk/Reward Ratio: High – the chart targets a ~2.78% downside move (~242 pips), suggesting a favorable setup.
Bearish Structure:
Strong prior downtrend leading into a potential lower high formation.
Price is reacting to a known supply zone.
A possible double top or resistance rejection pattern forming.
🧠 Confluences Supporting the Trade:
EMA alignment – price below the 200 EMA.
Bearish reaction at supply zone.
Clean drop zone – minimal structure between entry and target area.
Bearish rejection pattern potentially forming.
⚠️ Watch Out For:
Break and hold above 0.8775 would invalidate the setup.
Fundamental catalysts (especially AUD or CAD-related news) may add volatility.
A strong bearish rejection candle around the entry zone would increase confidence in the short position.
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.