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Audcadshort

TRADE UPDATE: AUD/CAD is below the 200MA and showing downside AUD/CAD trade update is still underway. It's looking good since it broke below the neckline of the Head and Shoulders It's been a long hold, but now that the price has broken below the 200MA means, we can see some traction to the downside. 21>7 - Bearish Price>200 - Bullish RSI <50 Bearish div Target remains 0.8735 SMC: With the Buy Side Liquidity Order Block, it shows that Smart Money indeed swept the buy orders by selling into them showing they wanted to increase the supply (selling pressure). These all indicate we are on the right side, despite the positive sentiments coming from the stock markets worldwide.
Short
by Timonrosso
AUD/CAD short lining up superbly and ready to break below - SMC AUD/CAD Head and Shoulders formed over the last few months. We now are just waiting for a break below the neckline and it's text book shorting time. 21>7 - Bearish Price>200 - Bullish RSI <50 Bearish div Target 0.8735 SMC: With the Head and Shoulders, the top of the Right Shoulder swept Buy Side Liquidity and the price came down. With the orders sweeping buying, means the big boys are shorting which confirms downside to come. Just waiting for the picking.
Short
by Timonrosso
📌 Potential SELL setup for: AUD/CAD👩🏽‍💻Technical: Weekly and the daily TF, suggesting selling pressure for AUD as the price has crossed MA 20 and MA 100. On the 4-hour, the M pattern neckline was completely broken and is now aiming to make a new 4-hour low. 🎯 For an ideal entry: You could potentially enter it now or wait for the candlestick to close into a new 4-hour low, but just keep in mind the potential first support zone in the photo I marked. The overall setup has the potential to drop down and re-test the previous daily bottom.
Short
by fxtraderkristina
📌 Potential SELL setup for: AUD/CAD👩🏽‍💻Technical: On a daily TF, the AUD price has crossed the 20-day and 50-day moving averages and is now trying to break through the 100-day moving average. This may suggest that there is selling pressure on the currency. However, it's important to note that the price is still moving within a channel on LTF. 🎯 For an ideal entry: To confirm a bearish bias, I suggest waiting for the price to break below the channel on the 4-hour chart, and also fully break the moving averages. Otherwise, no entry.
Short
by fxtraderkristina
AUDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective of AUDCAD . Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.915000. ‼️Attention!!! Due to the fact that we have news events on CAD on Wednesday and Friday, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD