What do you think about AUDCAD right now — buy or sell?
AUDCAD is still in a downtrend on the 6H chart. Price remains below the descending trendline, and the last two tests were rejected. So far, the structure hasn’t changed.
I’m watching the 0.9880–0.9900 area. The trendline runs through this zone, with the Ichimoku cloud sitting just above it. If price rebounds, this is where I want to see how sellers react.
Rather than chasing a short around 0.9840, I’d rather wait for a pullback toward 0.9880–0.9900. If price gets rejected there again, I’ll be watching 0.9750–0.9770 as the next downside target.
What about you — are you buying or selling AUDCAD?
Not financial advice. Trade safe and good luck!
AUDCAD is still in a downtrend on the 6H chart. Price remains below the descending trendline, and the last two tests were rejected. So far, the structure hasn’t changed.
I’m watching the 0.9880–0.9900 area. The trendline runs through this zone, with the Ichimoku cloud sitting just above it. If price rebounds, this is where I want to see how sellers react.
Rather than chasing a short around 0.9840, I’d rather wait for a pullback toward 0.9880–0.9900. If price gets rejected there again, I’ll be watching 0.9750–0.9770 as the next downside target.
What about you — are you buying or selling AUDCAD?
Not financial advice. Trade safe and good luck!
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- Signals & setups to boost your edge
- Free trading plans to follow
- Real-time market insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
LEVEL UP YOUR TRADING
👉 t.me/+-HowPr1J4k03NGY1
- Signals & setups to boost your edge
- Free trading plans to follow
- Real-time market insights
👉 t.me/+-HowPr1J4k03NGY1
- Signals & setups to boost your edge
- Free trading plans to follow
- Real-time market insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.