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Leo-btm
8 דצמ׳ 2022 09:09

AUDCAD, is it time to short?  שורט

OANDA:AUDCAD1W
AUD/CADOANDA

תיאור

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AUDCAD / 1W

Hello traders, welcome back to another market breakdown.

AUDCAD has been pulling back for weeks now after tetsting the low of teh channel. The market is approaching the uper side of the channel where bears might show up.

I'll be looking for a lower time frame confirmation to go short.

Trade safe.
Trader Leo.

עסקה פעילה

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I got stopped out at Breakeven.

הערה

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The setup is still in Play on the weekly chart.

הערה

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AUDCAD / 4H
Chart update with important levels to watch for.

עסקה פעילה

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I have closed my position for now. I'll wait and see if bears can break support again.
Trend AnalysisHarmonic PatternsChart PatternsAUDCADForexbtm
תגובות
KlejdiCuni
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taking in consideration how the market is reacting it should work out pretty well.
Leo-btm
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@KlejdiCuni, Yeah that's for sure
Robincom
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@KlejdiCuni, meaning it will go up or down?
Leo-btm
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@Robincom, Watching for the zone to short. My aggressive play would at 0.92460. Stop is just 40 pips away.
aryansinghnew1
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I'm running in losses by doing stupidity of buying at .83692 can I expect price will be bullish enough that I'll have to face small loss?
Leo-btm
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@aryansinghnew1 if you bought long you had a chance to get out today
MaxTang94
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is this set-up still a posibility?
Leo-btm
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@MaxTang94, So, fgar not looking good for the bears.
aveesahadewexcell
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is this setup still valid?
Leo-btm
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@aveesahadewexcell, Watching for the trend line, still didn't touch.
עוד