AUDCAD – Bearish Setup Following Retracement to Key Resistance
Welcome to Velatrix Capital.
Below is a live market opportunity identified by our internal trading desk.
This is not financial advice. It’s a data-backed, logic-driven trading edge. Use it with discipline — or don’t use it at all.
🧠 Technical Outlook
AUDCAD is currently showing bullish momentum on the lower timeframes, approaching a key resistance zone between 0.89057 – 0.89272.
Our trading desk expects price to reach this supply zone and then present a short-selling opportunity with favorable risk/reward potential.
We advise waiting patiently for the price to enter this key range before initiating any short trades.
Trade Parameters:
• Timeframe: 1H
• Direction: Sell
• Entry Zone: 0.89272 – 0.89057
• Stop Loss (SL): 0.89386
• Take Profit 1 (TP1): 0.88458
• Take Profit 2 (TP2): 0.87954
• Risk/Reward (R/R): 1:2 / 1:4.80
Note: Setup is invalidated if price breaks and closes above 0.89386.
🔔 Follow Us
This is just the surface.
For more setups, clean breakdowns, and performance-driven content:
📌 Follow, engage, and stay sharp. Our edge is real — and it’s public.
We don’t chase hype. We build edge.
Below is a live market opportunity identified by our internal trading desk.
This is not financial advice. It’s a data-backed, logic-driven trading edge. Use it with discipline — or don’t use it at all.
🧠 Technical Outlook
AUDCAD is currently showing bullish momentum on the lower timeframes, approaching a key resistance zone between 0.89057 – 0.89272.
Our trading desk expects price to reach this supply zone and then present a short-selling opportunity with favorable risk/reward potential.
We advise waiting patiently for the price to enter this key range before initiating any short trades.
Trade Parameters:
• Timeframe: 1H
• Direction: Sell
• Entry Zone: 0.89272 – 0.89057
• Stop Loss (SL): 0.89386
• Take Profit 1 (TP1): 0.88458
• Take Profit 2 (TP2): 0.87954
• Risk/Reward (R/R): 1:2 / 1:4.80
Note: Setup is invalidated if price breaks and closes above 0.89386.
🔔 Follow Us
This is just the surface.
For more setups, clean breakdowns, and performance-driven content:
📌 Follow, engage, and stay sharp. Our edge is real — and it’s public.
We don’t chase hype. We build edge.
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.
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.