AUD/CAD:UPDATE SWING FIBO TRIGGER|BEARISH|SHORT SETUP🔔Trigger Reached .
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Audcadshort
#AUDCAD approaching supply area to potential to sell!#AUDCAD Price is trading the supply zone and we got shooting star candlestick formed and the price close below the candlestick its possible to moving next support level 0.92456
Why we like it:
price trading supply zone
shooting star Candlestick Formation
Watch the next candlestick close
1st Resistance:
0.92834
Next supply area & horizontal swing high resistance
1st Support:
0.92456
Next demand area & horizontal swing low resistance
AUD/CAD:DOWNTREND CONTINUATION|TECHNICAL+FIBO ANALISYS|SHORT🔔Welcome back Traders, Investors, and Community!
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Wait for break key level for the pattern to complete with AUDCADH4 time frame.
Structure: Downtrend with Simple Flat.
Pattern: Simple Flat reject resistance at 0.94000.
Key level at 0.93000. Wait for break key level for the pattern to complete.
Then wait for set up to sell.
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Wish you all have a good trading day!
💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 0.9261
TP2= @ 0.9247
TP3= @ 0.9234
TP4= @ 0.9215
TP5= @ 0.9194
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDCAD". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9261
TP2= @ 0.9247
TP3= @ 0.9234
TP4= @ 0.9215
TP5= @ 0.9194
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUD/CAD New Short Setup To Catch 170 Pips !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
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
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AUDCAD ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW : BEARISH
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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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
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Trading CFDs on margin carries high risk.
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