Audcadshort
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
AUDCAD short confirmation
Hello traders,
- On Monday the price opened by rallying up to fill Friday's price imbalance up to a significant previous support level which is now resistance.
- A Bearish Order block (BeOB) has been formed here which is also the High of the Day (HOTD).
- Since the price has been on a downtrend in the past weeks, the short will be confirmed after the price closes below the 0.88114 level.
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AUDCAD Short Update (500 Pip Move?)Recently, I shared an idea about AUDCAD breaking through a support level and pushing downwards. I entered the trade, secured partial profits, and expect price to fall to my initial TP target of 0.87. Additionally, I have added an ambitious second target around the covid lows of 0.83. If price pushes past my first target, I plan on staying in the trade until the next target is reached or until price crosses above the 200 EMA.
Nothing is 100% certain in the markets, so we will see where this pair is headed in the near future. Remember to use proper risk management!
audcad analysis ( short)AUDCAD have been bearish since 16th June of the current month , the price kept on printing new lows over the two past weeks , breaking all the major support lines , and the price breaking under 0.8892 a strong daily support and with the fact that there isn't a any fundamental factor that would reverse the current bearish trend line , so I'm expecting to continue it's bearish move all the way down the the new low at 0.8835 , the price is currently showing a great bearish momentum so we might get to the target when we get more volume at london session open , we might see some correction before , even then the price will remain bearish as long as it keeps trading under 0.8973.
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AUDCAD | BEARS CONTINUEAUDCAD has been in bearish pressure, making lower highs and lower lows. The price is approaching the falling resistance trendline to define another lower high.
We are expecting the price to continue its momentum in the same direction.
One can change its bias for long above 0.89800 level.
Trade your levels accordingly.