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)? 🎯
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