AUDCAD 1 Hour Chart Buy Opened @0.89703 TP1 - 0.9003 TP2 - Currently 0.90365. Will reassess at TP1 SL - 0.89390 however, if the current uptrend breaks structure, I will close Based on current technicals I expect to hit TP1 07/30 & TP2 07/31
We are initiating a SELL position on the AUD/USD currency pair based on technical analysis and current market sentiment. The Australian Dollar (AUD) is showing weakness against the US Dollar amid declining commodity prices and cautious risk sentiment in global markets.
Technically, AUD/USD has faced rejection near the resistance zone of 0.65300–0.65350, indicating selling pressure at higher levels.
A minor pullback has created a potential short-term opportunity for bears to enter the market.
The entry level of 0.65255 aligns with a recent lower high in a short-term downtrend, providing a favorable risk-to-reward ratio.
Momentum indicators such as RSI and MACD are turning bearish on lower timeframes (15m–1h), supporting a downside move. Teefa The first profit target at 0.65190 is conservative, allowing traders to secure early gains.
The second and third targets are more aggressive, projecting continuation of the bearish trend if market momentum remains strong.
The stop loss is placed slightly above the resistance area at 0.65310, which helps limit risk while giving the trade some breathing space.
AUDCAD 🏴☠️🔥 AUD/CAD Bank Heist Plan – Thief Trader's Long Con in Motion! 🔥🏴☠️ Breakout Bulls vs Bearish Guards – Who Wins the Forex Vault This Time?
🌍 Hello Money Makers, Market Bandits, and Strategic Robbers! 💰🚀💣 It’s Thief Trader back again, dropping heat with another high-stakes Forex bank job – this time we're targeting the AUD/CAD vault. This is not your grandma’s trading plan. We’re executing a well-calculated heist based on a fusion of technical breakouts + fundamental drivers with a dose of pure trading psychology warfare. 🎯
💼 The Heist Blueprint: Long Entry Game Plan 🧠 Our job is to move in silence until the breakout alarms go off. We target 0.90200 as the clean breakout trigger over the Moving Average. This zone marks the guard shift — bulls take over if we break through.
📌 Entry Types (Choose your weapon): 🔹 Buy Stop: Above 0.90200 (Post-MA breakout confirmation). 🔹 Buy Limit (DCA Style): Set limit buys at recent lows (M15/M30 swing low) for pullback entries. Layer your entries like a true strategist.
🔔 Set Alerts: Don't sleep on this. Place alerts at breakout zones – let the chart notify you when the bank door opens. 📡
🛑 Risk Management – The Escape Plan We don't jump in blind. Place your Stop Loss ONLY AFTER the breakout confirms. 📍Suggested SL: 0.89600, near recent 4H wick low.
🔥 Reminder: Your stop depends on your lot size, risk tolerance, and how many entries you're stacking. Don't set it too tight – we don't want early alarms killing the mission.
🎯 Profit Target – Rob & Exit 📍 Primary TP: 0.91200 🎭 Or simply: Escape before the alarm rings (i.e., close early if you see price weakness near resistance or news surprises).