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
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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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.