Analysis:
To start off with this isn't our favourite setup. We don't have any added confluences which whilst aren't required for a trade to be valid in our opinion, they are still a nice thing to see and they provide more confidence. With that being said just because we don't have the these added confluences this setup is still valid and there are a few reasons...
Analysis:
Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to...
Analysis:
Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we...
Daily Setup
AUDCAD Has Shown Willingness To Go Lower
In The WEEKLY Timeframe It Took Out The Buy Stops And Traded in The WEEKLY Bearish Orderblock (0.95183 - 0.94507)
DAILY -Timeframe Price Formed A Bearish Divergence (07 Mar - 05 April 2022)
The Bearish Divergence Shows Price Making Higher Highs Whilst Oscillator Is Making A Higher High - Lower Higher
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fundamental weak AUD, strong CAD...longer term trade, use proper risk management
Previous short position was a trade I called a couple weeks ago but got taken down for advertising, don't believe that call? Message me and I'll show you it.
I do 300-500 pips per week. Check my bio.
(i) I expect Audusd to break the daily levels
(ii) After channel breakout (down) , If price reverses suddenly after touching 0.7450's zone be quick to manage the trade
(iii) Active trade management is strongly advised in this Audusd setup
I'm not ruling out upside breakout, given the Dollar strength, I expect aussie to move lower.
Happy Trading !
