Daily Wave Rider - AUDUSD - SELLAUDUSD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.63155
Stop Loss: 0.63778
TP01: 0.62532
TP02: 0.61286
DWR present as a sell setup on 6 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
AUDCAD
AUDCAD: Bearish Continuation & Short Signal
AUDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry Point - 0.8727
Stop Loss - 0.8763
Take Profit - 0.8661
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.86800 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86800 support and resistance area.
Trade safe, Joe.
A Clear Potential Selling Opportunity Sell Description:
Pair: AUDCAD
SL: 20 - 30 pips
TP: 80-100 pips
We have identified a potential selling opportunity in pair. The price has shown signs of bearish momentum and is currently trading below key resistance levels.
Our entry point for this trade is is Shown in Picture, with a stop loss (SL) set at . This provides a risk-reward ratio of approximately 1:3,4 ensuring a favorable risk management strategy.
Our take profit (TP) target is set at mentioned Area on the chart, aiming for a potential gain of 80 to 100 pips. This level aligns with previous support and offers a high probability of price reversal or further downward movement.Please note that trading involves risks, and it is essential to manage your positions carefully. Always adjust your position size according to your risk tolerance and ensure you have a clear understanding of the market conditions before entering any trades.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.86400 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86400 support and resistance area.
Trade safe, Joe.
AUDCAD-WEEKLY ANALYSIS-24/09/2023Traders, this week, we're focusing on the Australian Dollar/Canadian Dollar (AUD/CAD) pair, but be prepared for potential volatility as it can exhibit mixed movements. However, considering the market structure, we anticipate a significant upward movement to facilitate this, keep an eye on the 4-hour timeframe for favorable entry points.
After this upward move, it's possible that the pair will experience a subsequent drop. Be attentive to price action and market indicators to gauge when this shift might occur.
Stay vigilant, remain focused, and adapt your trading strategy accordingly. Ensure you stay updated with economic news and indicators that could impact the AUD/CAD pair. Always remember the importance of risk management and having a well-defined trading plan.
AUD-CAD Breakout Confirmed! Sell!
Hello,Traders!
AUD-CAD broke the key
Horizontal level of 0.864
While trading in a strong
Downtrend and the breakout
Is confirmed so I think that
A bearish continuation
Is to be expected
Sell!
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Check out other forecasts below too!
AUDCADhello everyone, this pair is bouncing off the support the 2nd time, with the upcoming major news the price may or may not break the current support. The price can either reverse on the current support or do a double bottom around 0.86 area. Watch out for price manipulation during news that can drag the price to 0.86 support. Main target 0.91
Hint: price manipulation during news is like news is good but the price is falling... next day price recovers and become very bullish.
good luck..
AUDCADAUDCAD is trading in more like of descending channel pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel.
Currently the price is forming a local support around 0.86400 region and there are chances that a bullish divergence may form here.
Will the bulls take charge again continue for leg higher?
AUDCAD SHORT SETUPCONFLUENCE
1. Downward Trend.
2. Swing Low Break of Structure on 2H Timeframe.
3. Order Block highs is the Swing High.
4. Order Flow created a FVG/imbalance right beneath itself which is pulling back price to the spot for a "SHORT".
5. A Strong Sell Side Order Flow in 7bars of the 2H Timeframe.
Entry: 0.87050
SL: 0.87320
TP: 0.86350