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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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AUDCAD, wait for confirmed breakout and retest to Sell..Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is close to Support/resistance level ,wait for the confirmed breakout and retest to sell,after a pullback If price shows rejection from the level I expect the price to continue lower.. For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL.. Trade it with proper Sl.. In case, if price breaks above the support/resistance then we have to wait for a clear direction.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent
Short
by Stargazer_fx
2
AUDCAD just waitHi, Thank you for clicking on my scenario. In this scenario, I see the formation of a channel pattern. The red line above is the resistance that keeps the price on hold to go up sharper, and the green line below is what keeps the amount going up and doesn't go bearish. Still, now the price has broken the green range meaning the trend from AUDCAD to Bearish and this scenario is supported by weekly or analysis using 1-week timeframe you can see below for weekly analysis + in weekly analysis there is also overbought RSI or above 80 for more details you can check below later for weekly analysis which I see here 4H timeframe, of course, The price of AUDCAD has broken the green line, and there is a slight pullback. We just need to wait for the next whether the SELL is confirmed or not to verify from this bearish, we have to wait for the CLOSE price below .94960, it can be confirmed bearish confirmed, and we open SELL for my target using 3 the target is 0.94347,0.93544,0.92741 for my Stop Loss use 0.95907
Short
by Bitorex