AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90750 zone, AUDCAD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.90750 Support and resistance zone. i would also keep an eye on indices to confirm the bias as AUDCAD does correlate positively with AUDCAD so bearish indices should be a good indicator for the trade.
Trade safe, Joe.
Aud-cad-sell
AUDCAD Approaching Key Resistance with Potential for DowntrendThe AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence.
Unless a new higher high is formed, the market appears poised for a sizeable downward move.
Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
AUDCAD Potential DownsidesHey Traders, in the coming week we are monitoring AUDCAD for a selling opportunity around 0.923 zone, as AUDCAD is trading in a downtrend and extending pullbacks seems to be approaching the major one around 0.923 support and resistance zone. i would also recommend to take a look at the stock market confirm the bias as AUDCAD and American indices are positively correlated. once there is any bearish confirmation i would set as a target 0.912 zone as it's considered the next major support zone AUDCAD will be facing.
Trade safe, Joe.
AudCad sell short termHi all,
We are looking at selling the AUDCAD, using the inverse head and should pattern forming on the Monthly. Hence the size of the Stop loss. This is not a day trade so would require alot of patient.
I will post the M1 Setup on here for your ref.
Entry, sl and tp marked.
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AUDCAD Technical overview and the most important zones to watchHey traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90200 as a first important zone and 0.89800 in case of a breakout, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.