Looking at price action on out chart we can see that the pair still has downside potential. We managed to short from the swing high in the daily timeframe we now hold the short trade risk free and look for further short trades in the pair.
For the past 6 months or so, AudCad traded in a range between 0.97 and 0.93 (more or less). Now the pair just made the first leg down from the top of the range and I expect this drop to continue. Sell rallies is my strategy and 0.9520-0.9550 should provide a good sell zone. My outlook is bearish as long as the pair is under 0.9650 on a daily close bases
This is AUDCAD 4H timeframe analysis, i'm expecting the market to go to the downside for an retracement before it'll start the move to the upside.
Hi Traders, AUDCAD sell idea is explained in the picture. Good Luck
AUDCAD H4 -STRONG DOWNTREND - LL CREATED -WAIT FOR RETRACE -SELL SIGNAL
AUDCAD Breaked ???? Wait to signal 🔥🔥🔥 Now AUDCAD IS Beaked wait fot rebound hitting on resistance and Entry " Sell " On right that ❌ If Break No trade ❌ ✅Resistance ▶ 0.952XXX 🔥Target ▶ 0.944XX Goodluck 💰Ton Trader💰 Follow on my profile social 🙏🙏🙏🙏🙏🙏
Hello my friends, Another setup for next week is AUDCAD pairs. As you can see, price finally make a lower high lower low after moving higher for 1 month. This mean we could see some retracement on this pair. It is also supported by the chart because there is a head and shoulders pattern forming. Price already broken below the neckline. We're now waiting for...
We may actually be ready to witness the long awaited structure shift on AUDCAD. Price wiped out the double top sellers with that strong liquidity push to the upside as well as trapping more sellers at the ascending channel break. I would assume this is enough for the banks to now create a strong move, we may see a slight pullback before continuation.
AUDCAD has been a little choppy for us. 3/4 losers on the bounce. But that's OK, because we understand probability and can see the win rate and trade history. We also know when we get a winner this will cover them - because we ride that trend. Could this be the one? Our algo thinks so, it's identified a sell position with all of the confluences now...
AUDCAD Short Setup Harmonic pattern with a target of 50.0%-61.8% of the previous structure
1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How...
Broke and retest of structure and previous low in structure Have an Sell Limit placed in that zone Going for a trailing SL with a starting SL of 20 pips and a Open TP
AUDCAD approaching OB, gonna sell here and TP at an imbalance. Will comment higher tp levels if trade goes okay,