Audcadshort
AUDCAD 1H shortcurrently looking to sell Auzie cad from the supply zone above.
price created a Choch on the 1H TF..
I'm selling into a Minor structure point unmitigated demand zone.
we will still have a break lower even after theinor structure point, but my target is to take profit at the Minor structure point demand zone due to reversals.
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StefanFX.....
Wed 3rd Aug 2022 AUD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CAD Sell. Enjoy the day all. Cheers. Jim
AUDCAD: The Main Supply 💣The more touches at supply made the zone weak, it had to be liquidated at some point.
Now that we have successfully liquidated the supply sellers with compression delivery, we may see a continued sell-off.
I will be locating a sell with my team later in the day depending on the rejection.
AUDCAD SHORTS COOKING UPHello friends, its a beautiful Tuesday morning and AUDCAD is cooking up something nice for us.. First the daily timeframe, Order flow is bearish, price has retraced into a Daily reversal zone marked with the red and blue fib. Price has taken liquidity at swing highs on the H4 and within the daily reversal zone price has printed a Weak hands pattern (1hr) increasing the probability of price dropping.. Isn't that what we all want as traders? to put probability on our side... So I have refined the Hourly Orderblock to the 15 minute and I will be looking for confirmations using the DM_FX entry model within that 15 min OB on the 1 min TF if price retraces into it... Our target is the Last Daily Low.
AUD/CAD 4H TA : +100 Pips ✅✅✅Well , as you can see all targets of AUD/CAD has been reached and we opened a new position , this time SELL ! let's See what would be happen soon !
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👤 Arman Shaban : @ArmanShabanTrading
📅 07.19.2022
⚠️(DYOR)
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AUDCAD short after breakout and pullback for the week of 11 JulyPreceding trend – has been bearish since April.
Current price action – Pullback to a major S/R zone.
Factors of confluence:
- Price is below the 50 EMA.
- The breakout was very strong – note the large bearish candle that shows momentum with the bears.
- The pullback is quite weak – note that it has taken 5 bullish candles to recover the gains made by the bears.
I am not looking for a deep retracement in the zone because of the apparent strength of the bears. This will mean a wider stop but we still have the potential for a +2.3R trade.
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Always use sound money and risk management and stay patient in all your trades.
AUDCAD: Completed Compression ✅After a long period of time, the compression was completed and all the early buyers invited into the compression trap were liquidated.
I will now be looking to join the true buys around a solid area of demand.
We may bounce from here but I believe we are likely to push deeper into the initial demand before we see any reaction.
As always, I will be monitoring this on the lower time frames for entries with my members.
AUD/CAD Full Analysis , My Opinion For The Next Few Days This 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.
Bad situation for AUDThe situation of the Australian dollar against the Canadian dollar is not good at all...
And the trend in the daily time frame continues to decline
So any pullback in lower time frames is a good opportunity to SELL
For now, I'm waiting for it to pullback on the last floor it passed