The Best Area To Sell AUD/CAD When We Have Bearish Price ActionThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Audcadsell
AUDCAD-SELL++No change in view.
The pair is quite overbought, and we have added just now at 0.9415. The average SHORT is now 0.93815 with a reasonable leverage.
The reason for the stronger run is likely due to the gold price, which similarly reflects an overbought status.
The strategy is unchanged and we were short and added just now at current market 0.9415. The profit order is changed to 0.9287.
AUDCAD-SELL+The pair has run up nicely and it feels it is running out of steam. we are also overbought area now (not extreme), but good start to scale in to it.
My suggestion is to SELL 0.9320-30 area and take profit at 0.9227 for now. We will add on further price increases if seen, and will update on that. It does not move extremely fast so we have time to look into it, is my experience on this pair.
AUDCAD shortAfter almost the second day of the market, most of the empty spaces were filled
Now we can look at audcad in descending order
In the range I drew, we can wait for Sell's position, but with confirmation ...
I will not enter lower timeframes without confirmation
The meaning of confirmation in lower time frame is that, for example, in 15 minute time frame, it can give us a sign of falling from that range.
Sell limit AUDCADI noticed that there is an average of a 368 point difference between the past 3 market structure high (MSH) in the daily chart. This average is confirmed by the major descending trendline which brings us to the next possible entry that has been respected since Sept 2021, rejecting price 3 times. Also, the Stoch shows overbought and crosses.
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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Looks like a reversal will be coming soon Hi Traders,
AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel.
Follow your trading plan and make sure your entry meets your rules. Patience is key.
Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you.
Good luck!
AUDCAD- SELL strategyThe market is slightly overdone, but I am afraid we should not buy even it is slightly oversold. Rather, we should sell into the minor correction that will come.
The stochastic is low, and could cause a move higher from here, but the conversion line has gone through the base line, and should be considered to be a strong indicator.
Strategy is SELL between 0.9070-0.9090 for a move below 0.8925. Stop loss above 0.9157.
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is in a sellers market still, so i will be looking for a pullback to order block zones and take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is in a sellers market, so i will be looking for a pullback to order block zones and take sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome