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Audcadsetup

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!
Short
by ktlfx
AUDCAD pullback before continuationAUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below. Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down. We are already seeing rejection from this area, this is an opportunity to look for price action signals for a short position. On the chart is a conservative target but with a stop loss above this area of previous resistance around the 0.91600 mark, this would still represent approx 1.5 R trade. NOT financial advice, make your own trading decisions.
Short
by HayeTrading
30
AUD/CAD---CONTINUE THE DOWNTRENDThe Australian dollar initially tried to rally against Canadian dollar this past week, but as you can see, we continue to see a lot of selling pressure near the 0.93 handle. We have been grinding lower for a while and it now looks like we are getting ready to rollover to continue the overall downtrend. This does make a certain amount of sense, considering just how strong crude oil suddenly is. At this point, I anticipate that this market will revisit the 0.90 level.
Short
by SmoothJB
2
AUD/CAD SHORT SELL NOW.... 💹AUD/CAD ⏬ SELL/SELL LIMIT @ 0.91343 ✅TP-1# 0.91000 ✅TP-2# 0.90800 ⛔️SL 0.91612 (BOTH ENTRY SL SAME) AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Short
by AronnoFx
4