Audcadshort
AUD/CAD SELL 📉Hello and welcome traders to another trade idea with Fobian
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👉 WE are waiting for conformation:
- WAiting for pullback.
- EMA's give us SELL signal.
- Waiting to reach Fib level and reject our 50.00% level.
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AUDCAD (1H) OUTLOOK - BEARISHGood Morning Friends,
Am taking a good look at AUDCAD (1H)🔥🔥🔥
AUDCAD price currently is playing inside a flat bottom triangle, and price is correcting/heading to touch the trendline from where seller will step in to push price down to 0.91043 area (lower bounds of our flat bottom triangle).
MACD (1D) clearly indicates that sellers are still present and willing to deal. MACD (1H) confirmed this as there are not buyers present at all.
Entry would be idea if price kisses the trendline, with STOP LOSS at 0.92134, TARGET at 0.91043
RRR of 1:3.42 (25.0:85.5 pips)
I will update here if anything changes
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AUD/CAD 4HR CHART SELLHi everyone this is my trade set up for the AUD/CAD for the new week ahead
AUD/CAD is still in a downtrend so i am expecting a pullback to the order block zones and will be looking for a sell trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
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
Possible 4R Short AUDCAD 01 Nov, 2021From my daily chart, note the S/R levels (zones) at 0.9340 and 0.9115.
The preceding trend was bearish after which this pair has been moving in a sideways manner. When this happens, the higher probability is for the bearish price action to continue.
We are quite close to the top of this consolidation zone thus providing the opportunity for a high R/R trade opportunity.
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Always use sound money and risk management in all your trades.
AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community!
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