AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension . If prices reverses from 1st resistance, prices might face resistance from...
AUD-CAD broke out of the falling wedge
And headed towards the horizontal resistance
However, the pair is now trading below a falling resistance
Which makes a move down likely
And shorting RIGHT NOW provides a great RR or 4:1 or more
So take it if you want, don't risk more that 0.5% of the account
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🏛AUD_CAD is trading is a falling megaphone pattern
And now the pair has retested it's resistance line
While forming a local bear wedge pattern
Which makes me bearish and I am expecting the pair to fall
With the target being the support below
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AUD-CAD is trading in a falling wedge
And has finally reached a strong support
Now, we are all waiting for the wedge breakout
And then, we will go long on pullback
With the target being the resistance above!
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See other ideas below too!
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you...
Pair Name : AUD/CAD
Time Frame : 1 analysis / 4hr'
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Key Technical / Reason's LONG - After Break
The price is now close to breaking an important pattern on the 4 hour time frame. It is expected to rise 200 pip after breaking the 0.9350 area with a...
- AUDCAD holding support
- Broke out the downward channel
- Higher lows on higher timeframes
- Its summertime, expecting less demand for oil and CAD weakness
- Will place buys with tight stoploss
This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss.
We welcome your thoughts and comments!...
AUDCAD after the attempt to break the weekly support close the last trading day of the week with an impulse to the upside.
The market is moving inside a descending channel and recently broke the upper trendline.
According to Plancton's strategy if the price will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure...
AUDCAD broke and closed above a resistance line of a falling wedge pattern on 8H chart.
Moreover, the price formed a double bottom with a higher low within the wedge before it broke that.
Now I expect a bullish continuation.
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". There is a possibility of temporary retracement to the suggested support line (0.9355).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
AUDCAD is probably my favourite set up for this week. Clear levels, clear break and hopefully a clear retest. Watch for price to move up correctively and enter on break of correction.
See links below as to why we're looking for AUD weakness.
Good luck and trade safe!