AUDCAD SHORT - BIG REVERSAL IS HERE!Waiting for a retest of 0.92976 to short AUDCAD back down to key 4H target at 0.90663
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Audcadshort
AUDCAD possible drop to support levelCurrency Pair : AUDCAD
Possible direction : Bearish
Technical Analysis : Price has formed a double top on the daily timeframe and broken out of this double top. Tested the previous support as resistance and rejected to the downside signaling possible trend change. As from daily price action, we see possible support turns resistance and highly likely price will continue to drop after testing the previous support as resistance and a sell trade is highly probably from this high area of value.
Possible trade recommendation : Bearish as per chart sketch
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AUDCAD Trading Plan - 7/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDCAD .
Here we are in a bearish market structure from H4 timeframe perspective, after change of character. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.94000.
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AUDCAD : Bull tunnel entry post 9 week breakout up! 30.5Simple technicals combined with a broad perspective.
1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating.
2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel.
The range of the tunnel is 0.980 to 0.916 , current rate is 0.911.
A break below 0.980 with a daily close would confirm downside potential to 0.9000.
So buying now and placing a stop lower than 0.980 is the first option with a TP at 0.916.
Second option is to to wait for a 4h candle close break above 0.916 and TP at 0.9222 with a SL back below at 0.9135.
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I am not a financial advisor and it's best to make your own research and trade cautiously.
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#AUDCAD SHORT TIME -TODAY 2023.2.4And in the last stage, we have the 45-minute time check:
We are now on the reciprocal completion area around 0.92559. The ranges between 0.92559 and 0.91923 can be considered as areas for correction, and all the decreasing targets from the return range to 0.93234 can act as resistance areas in correction, generally they cover 50% of their sharp movements.
The major wave in the 45-minute time period is a decrease and any rise is only until the correction is confirmed. If the upward wave is corrected, we can expect a decrease to the range of 0.91512 and then an important static range overlapping with the corrective fibo in the area of 0.90925.
AUDCAD SellGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea.
AUDCAD sell 0.94365 and 0.94837. SL 0.9600. Risk 1%. Sale from monthly and weekly target area. In the week they came for a test of the upper edge of the balance sheet , and in the week for commercial interest for sale. First Target Standard, Global Target Return to Area 0.92710.
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
AUDCAD - Selloff continuation ✅Hello traders!
‼️ This is my perspective on AUDCAD .
Here I expect bearish price action to continue as price took out buy stop liquidity and rejected from institutional big figure 0.95000. Also an argument is that price forme a normal divergence on daily timeframe.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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AUDCAD Analysis SHORTTHIS IS MY IDEA ABOUT AUDCAD
DON'T FORGET STOPLOSS
AUDCAD Chart, Rate and Analysis
AUD CAD | Australian Dollar Canadian Dollar
AUDCAD Reaching to a Resistance ZoneAUDCAD Reaching to a Resistance Zone
Divergence on RSI, MACD
Important zone to watch and trade.
AUDCADAUDCAD is in a 4H supply zone and on my 4H chart, it just broke structure to the upside which i am expecting a pullback to the premium 4H demand zone. Nevertheless, in current price sitting at the 4H supply zone, 1min has switched bearish and I'm taking an entry at 0.94861 with a 3pips Stop Loss at 0.94891 targeting a 100pips minimum. I hope you find this useful. Cheers.
AUDCAD SHORT AUDCAD SHORT IDEA
audcad has been reached (HTF) Oder Block and 1H clean market break of structure. from the intuition movement IB area we can go for short trade.
AUD/CAD :: Very important range !!!AUD/CAD :::
Various supports and resistances are located in this range. Waiting can be the best decision until the decision to take a position is made after the change.
AUDCAD (SHORT)Everything seems to be aligning for a short entry on AUDCAD. looking for price to retest on the previous level of support.
AUD/CAD :: Movement in the upper part of the middle line .AUD/CAD :::
The price has been moving in the lower part of the channel for some time and the middle line has been the resistance of this movement
And now the resistance has been broken, we can expect the price to move above the middle line for a while ,
And it will definitely have downward corrective movements .
AUD/ CAD Short...AUD/CAD ... This is not signal... Dont risk more than 3% of your account on any trade...
AUD/CAD AnalysisIf the AUD/CAD pair continues to stay below 93.50, it may see 90.60 and 89.50 levels.
AUDCAD analysis wait and make a short sellAUD CAD is bullish .
we think that it would move toward the upward resistance where is the supply zone found .
Here you could enter a short sell with a stoploss not away due to the upward trend.
here we divide the target as two pieces as usual.
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AUDCAD-SHORT - we had since a long bullish impulse however, the long tern view on audcad, is bearish. Therefore, we are expecting a continues bearish downtrend.
AUD/CAD :: Short position for lower time frame and ...AUD/CAD :::
The resistances have performed their role well and now it is the turn of the supports .
Currently, the movement is downwards and the best positions have been determined for the short position .
In case of a change in the course of the route ::
The chart is reviewed again .
<<< Good luck >>>
AUD/CAD SHORT TRADE ...According to SMC , We have a trade entry for short on AUD/CAD pair as following :
ENTRY @ 0.91540
SL @ 0.91774
TP @ 0.90839
RRR : 1:3
GOOD LUCK GUYS ...
AUDCAD: Elliot Wave Price action Continuing the previous analysis with more details. It can be expected that wave c will correct up to 0.8935 and continue to grow.
AUD/CAD Technical Analysis: Short Looking to enter as close to the resistance level as possible.
.946 is my best option entry
in case it will fall before reaching levels we will pick up short position on pullback.
