AUDCAD ShortAustralian Dollar vs. Canadian DollarFX:AUDCADLazyTrader88Hey traders! 👋 Here is a detailed breakdown of my short position on AUDCAD (1-Hour Chart). Price has tapped into major overhead supply after sweeping previous highs, opening up a high-probability drop toward discount demand. 🧠Market Narrative & Context Rejection off HTF Premium Supply: Price rallied strongly into a high-timeframe supply block around 0.9875 – 0.9882, where aggressive selling reaction was immediately observed. Liquidity Sweep: Before rolling over, price swept above local equal highs (B2S signals), running buy-side liquidity into key supply. Higher Timeframe Alignment: The Daily (D) and Monthly (M) trends remain firmly Bearish, aligning nicely with this macro resistance bounce. Momentum Shift: The RSI is turning down from overbought territory (around ~57), signaling weakening bullish momentum and supporting a drop back toward demand. 🎯 Trade Execution & Targets Bias: Short / Bearish 🔴 Current Price / Entry: ~0.9865 Invalidation / Stop Loss: Above the recent protected high (~0.9882) Primary Target (TP1): 0.9845 (Lazy Trader Mini CHOCH / BOS Demand Zone) Extended Target (TP2): 0.9800 (Lazy Trader CHOCH Demand Unmitigated at bottom blue line) 💡 Trade Management Plan Once price hits TP1 (~0.9845), I'll look to scale out partials and bring my stop loss to breakeven, letting the rest run down toward the major demand block at 0.9800. What are your thoughts on AUDCAD? Do you think demand will hold, or are we sweeping all the way down to 0.9800? Drop your ideas below, and don't forget to Like, Comment, and Follow for more daily Smart Money setups! #AUDCAD #Forex #TradingView #SmartMoneyConcepts #ICT #TechnicalAnalysis #DayTrading #PriceAction #OrderBlock #FxTrading