✴️ AUDCAD: Following a significant bullish rally, we are now observing strong indications of a potential swing sell. The price encountered resistance at 0.9747, and the past two daily candles exhibit substantial bearish volume, suggesting a likely continuation of this trend in the near future. A potential long-term target is identified at 0.8600; however, intraday targets could be established at 0.9300, 0.9000, and 0.8800.
✴️Our analysis has intentionally omitted these specific take-profit targets as our primary focus is on a swing move perspective, emphasizing a long-term outlook, hence the 0.8600 target. Upon initiating an entry, it is recommended to position the stop loss above the most recent daily higher high. Furthermore, our assessment incorporates fundamental considerations: we anticipate a decline in gold prices in the coming days, which is expected to impact the AUD index, potentially leading to a substantial downward movement.
🥇Entry Criteria:
🔺Sell Entry Range: 0.9585-0.9685
🔺Stop Loss: 0.98614
🔺First Take Profit: 0.9050
🔺Second Take Profit: 0.8600
Should you find our analysis valuable, please consider liking, commenting, and following for further updates.❤️🏆
Team Setupsfx_👨💻🧠
✴️Our analysis has intentionally omitted these specific take-profit targets as our primary focus is on a swing move perspective, emphasizing a long-term outlook, hence the 0.8600 target. Upon initiating an entry, it is recommended to position the stop loss above the most recent daily higher high. Furthermore, our assessment incorporates fundamental considerations: we anticipate a decline in gold prices in the coming days, which is expected to impact the AUD index, potentially leading to a substantial downward movement.
🥇Entry Criteria:
🔺Sell Entry Range: 0.9585-0.9685
🔺Stop Loss: 0.98614
🔺First Take Profit: 0.9050
🔺Second Take Profit: 0.8600
Should you find our analysis valuable, please consider liking, commenting, and following for further updates.❤️🏆
Team Setupsfx_👨💻🧠
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Looking for intraday signals on Forex and XAUUSD (GOLD)? Contact us directly
t.me/swingtraderfx07
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FOR FREE GROUP: t.me/ssetupsfx_success
Looking for intraday signals on Forex and XAUUSD (GOLD)? Contact us directly
t.me/swingtraderfx07
Looking for intraday signals on Forex and XAUUSD (GOLD)? Contact us directly
t.me/swingtraderfx07
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.