Reeling in Profits: A Comprehensive Guide to Short AUDCAD

🚩 New Signal Notification - Swing Trade
📣 Attention Traders! 📈🔍

🔹 AUDCAD, Short when Pullback to Supply Zone 🔹

📊 Here are the key points for a potential trading opportunity in AUDCAD:

🔹 AUDCAD, 8H, ICT Short setup🔹
From our AI screener, we found CAD in Daily chart timeframe is going to Strong side right after the BoC Interest Rate Decision on 6th Dec, 2023 which made CAD pairs got 8H ICT, Short setup.
Here we bring you a great chance to watch and earn!

The Bank of Canada (BOC) has decided to keep the interest rate at 5% for the third consecutive decision, as expected. The short-term interest rates are the primary factor in currency valuation, and a higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. The BOC’s tone of the statement hints that there will be no rate hikes in the near future. So, if you’re planning to invest in CAD, this is a good time to do so! 💰💸

TA:
By simple ICT setup, we found there is a ICT Short setup in timeframe 8H.
Last week, 8H bar highs were rejected from the fair very gap (FVG) and formed a Lower High
Our idea to the next support levels below as shown.
AUDCAD is one of our focus this week, Only Short strategy, may be landing slowly to the support levels
Target 1↘️ 0.8879
Target 2↘️ 0.8815
Target 3↘️ 0.8752

🔔Short entry near this Supply Zone: 0.8960 to 0.8945

Keep a close eye on these levels and trends in AUDCAD for potential
trading opportunities. Remember to manage your risk and trade
responsibly!

✅ Stay tuned for more updates and analysis. Happy trading! 🚀💰