AUD/CAD Trade Setup: Short at Key Resistance
AUD/CAD has reached a key resistance zone around 0.908 - 0.909, aligning with previous highs and the 200-day moving average. I’ve entered a short position, anticipating a potential rejection from this level.
🔹 Trade Setup:
🔻 Entry: Near 0.908 - 0.909 (Key Resistance)
🎯 Profit Target (Blue Zone): 0.903 - 0.902
🛑 Stop-Loss (Yellow Zone): Above 0.909
🔹 Market Outlook:
📊 Bearish Bias – Price has rejected this zone before, and I’m expecting sellers to step in again.
⚠️ Risk Management – If price breaks and holds above 0.909, the short trade will be invalidated.
Watching for bearish confirmation—will we see a rejection, or is AUD/CAD breaking out? Let me know your thoughts below! 👇
🔹 Trade Setup:
🔻 Entry: Near 0.908 - 0.909 (Key Resistance)
🎯 Profit Target (Blue Zone): 0.903 - 0.902
🛑 Stop-Loss (Yellow Zone): Above 0.909
🔹 Market Outlook:
📊 Bearish Bias – Price has rejected this zone before, and I’m expecting sellers to step in again.
⚠️ Risk Management – If price breaks and holds above 0.909, the short trade will be invalidated.
Watching for bearish confirmation—will we see a rejection, or is AUD/CAD breaking out? Let me know your thoughts below! 👇
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.