We are currently sitting at a very high-probability area for potential downside continuation!
🔎 Key Observations:
Elliott Wave Count: We have completed waves (1)-(3) and are currently finalizing a corrective wave (4) into a critical supply zone.
71% Fib Retracement: Price has retraced deep into a typical exhaustion zone for wave (4) setups — extremely common before the major trend resumes.
Supply Zone: Clear rejection visible near 0.90500 area; price is showing early signs of weakness.
MACD: Bearish cross aligned perfectly with supply pressure. Momentum indicators are favoring bears.
Volume Spike: High volume during the wave (3) selloff confirms real seller presence behind this move.
📈 My Plan:
Watching for bearish confirmation (weak candles, rejections) in this supply zone.
Expecting a potential wave (5) extension lower, targeting sub-0.82000s over the next several months.
Risk Management: Stops placed above 0.9100 structure if activated.
📢 Summary:
The trend is still bearish — we are just seeing a corrective rally.
Big money tends to load shorts on these pullbacks...
Don’t miss this potential monster setup! 🔥
💬 Drop a comment if you're watching AUD/CAD too!
🔔 Follow me for more high-probability setups each week!
#Forex #AUDCAD #ElliottWave #SupplyAndDemand #TradingSetup #SwingTrade #Bearish
Would you also like me to make a second version that's even shorter (for quick engagement) or one that sounds a bit more aggressive and hyped (depending on the style of your audience)? 🎯
🔎 Key Observations:
Elliott Wave Count: We have completed waves (1)-(3) and are currently finalizing a corrective wave (4) into a critical supply zone.
71% Fib Retracement: Price has retraced deep into a typical exhaustion zone for wave (4) setups — extremely common before the major trend resumes.
Supply Zone: Clear rejection visible near 0.90500 area; price is showing early signs of weakness.
MACD: Bearish cross aligned perfectly with supply pressure. Momentum indicators are favoring bears.
Volume Spike: High volume during the wave (3) selloff confirms real seller presence behind this move.
📈 My Plan:
Watching for bearish confirmation (weak candles, rejections) in this supply zone.
Expecting a potential wave (5) extension lower, targeting sub-0.82000s over the next several months.
Risk Management: Stops placed above 0.9100 structure if activated.
📢 Summary:
The trend is still bearish — we are just seeing a corrective rally.
Big money tends to load shorts on these pullbacks...
Don’t miss this potential monster setup! 🔥
💬 Drop a comment if you're watching AUD/CAD too!
🔔 Follow me for more high-probability setups each week!
#Forex #AUDCAD #ElliottWave #SupplyAndDemand #TradingSetup #SwingTrade #Bearish
Would you also like me to make a second version that's even shorter (for quick engagement) or one that sounds a bit more aggressive and hyped (depending on the style of your audience)? 🎯
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.