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#aud#cad#short

AUDCAD Sell ideaAUDCAD is currently trading around the 0.91 regions after it found support in early December at the 0.897 level. This has been an increase of the price of about 1.5%, but it has been unable to push past the resistance zone of 0.913. On the 4hr time frame, the RSI indicators are currently in overbought levels of 95.3 which indicates that the buying pressure may have faded at this level. The initial target of trade is at the 0.906 level, proceeding this is the support area of 0.897 support area.
Short
by Orion-Markets
AUD CAD short idea AUDCAD has seen some solid movement to the upside this morning, with the price increasing by just under 0.4%. This movement happened when the price came down and reached a confluence zone where price has reacted too in the past. On the 4hr chart, the RSI levels are very overbought and have just crossed, indicating a drop-in price is likely. The initial target for this trade is at the zone mentioned above,0.9172 level, following that secondary profit targets is at the support zone of 0.91396.
Short
by Orion-Markets
AUDCAD Reversal Underway, H4 Levels to Watch As we transitioned to the month of December, price failed to breach a previous high at a structural level. Daily TF will be attached below, but we're seeing price continued to hold resisted. This particular recent level provided a rejection signal that price was unable to sustain when it attempted to trade higher. Bit of illiquidity going on as bids quickly exhausted. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Short
by FinancialGamblR
AUDCAD BEARISH CONTINUATUON SETUPHi Traders, The AUDCAD has broken out of the major bullish corrective structure Counter Trend Line (CTL) after it retested the H&S neckline that lined up with 50.0 Fib ratio, descending trend line and moving averages. . Considering that the price has also broken the CTL of minor consolidation correction which retested the major Counter Trend Line aggressively. . We are ready to short this pair for a potential 1:2.2 risk reward! . Best Trading, Veejahbee.
Short
by Veejahbee