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Audcadshort

AUDCAD exhibits series of bearish signAUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level. I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area Give us a like if you found useful
Short
by forexorbit
Dip Under the Deep Blue Line While price is still above the blue line, there will be no entry. Once we dip under the blue line, re-test as resistance and give confirmation of a bearish candle, one is free to go short. We missed the previous pull back opportunity of entry, hence the big stop loss. You can make it much tighter, but the big boys might want to have one more go at the bears for some liquidity before pushing the market down hard. If the manipulation is to happen, its lightly before our entry rules are stratified. Play it cool and let the market come to you. GOOD LUCK. :-)
Short
by Kani_forex
AUDCAD - Expect UpriseI would like to see a slight pullback to re-test the previous order block-level marked. The SL is protected by the daily ATR range and the TP is at a strong daily demand level. If we see price retrace slightly more I may consider setting a buy limit in hopes of getting a wick entry on this pair. The only thing that could be potentially detrimental to this idea is the AUD employment change figures on Thursday, so fingers crossed this setup will become available early in the week. COT Data - 56% Short
Long
by AlkalineFX