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Audcadsell

Why AUDCAD is On My Watchlist for a Short Trade🔎 AUDCAD Trade Idea Overview 🔎 Currently watching AUDCAD closely 👀 — and here’s what I’m seeing across the key timeframes: 📉 On the weekly timeframe, the pair remains in a clear bearish trend, with lower highs and lower lows forming consistently. 🕰️ Dropping down to the daily, we’re seeing continued bearish momentum in alignment with the higher timeframe bias. ⏳ On the 4-hour chart, there’s been a clean break of market structure, confirming short-term weakness. 🎯 I’m eyeing a pullback into equilibrium within the current price range for a potential short entry. 🔹 Entry: On retracement into a key value zone 🔹 Stop loss: Positioned above recent swing highs 🔹 Take profit: Targeting previous lows and liquidity pockets 💧 Patience is key here — waiting for the right setup to align across multiple timeframes. 📊 ⚠️ Disclaimer: This is not financial advice. This analysis is for educational and informational purposes only. Always do your own research and manage risk responsibly. 💼
Short
by fxtraderanthony
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart. This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal. The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement. With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher. That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP). Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market. As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
Short
by charles-okoukoni
2
AUDCAD Technical Analysis and Trade IdeaAnalyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the video for a detailed explanation, but please be mindful that the information provided is for educational purposes and should not be construed as financial advice or recommendations for trading decisions.
Short
by fxtraderanthony
2