AUDCAD Short Position 4 hour time line ---------------------------- Trade at your own risk
still waiting for another move towards the trend line above(daily and 4H Flag) and a Bounce on the horizontal line(and that area will be acting as our high confluence area) we still need more confirmation before entering the trade but from my analysis this is what im still looking for.... have a Great week Guys....PINK...
AUDCAD 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...
Stop Loss 🚫: 0.93579 Take Profit #1 ✅: 0.93099 Take Profit #2 ✅: 0.92622 Take Profit #3 ✅: 0.91665
Risk per trade: 1%. ---> How to the signal works in links below.
Last Friday was probably the end of this major stop-hunt. It's potentially a safe SHORT here for ~200 pips - to the 0.93s. Don't fight it, though!
One should be probably looking for a SHORT entry here on any bounce toward 0.9600. (... which may happen rather quickly here!)
I saw this early ASIAN session
Breakout From both sides can be a signal. Simple and Strong
AUDCAD DAILY The price looks to be repeating a pattern just like it did back on May13 2019. Therefore im expecting for the price to continue its way down and touch the next zone. . . . El precio parece que esta forma el mismo patron que hizo el pasado 13 de Mayo 2019. Es por eso que espero que el precio continue su movimiento a la baja y llegue a tocar la próxima zona.
- Weak Aussie dollar as of late - Lower highs, lower lows - Price moving just above the 0.786, touching the 50MA and entering the hourly OB would be my area of interest
Looking at this day trade here. Criteria has been met. If we can see more rejection we'll jump in.
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...