the price created a pattern of double top and the neckline is broken so we can enter sell trade now
AUDCAD is trading in a bearish trend. After the price set a new local lower low, the price retraced to a solid horizontal resistance. After its test, the market violated a support line of a rising channel. We see a strong bearish reaction after its retest. The price will most likely keep falling at least to 0.8827 ❤️Please, support my work with like, thank you!❤️
AUD/CAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88914 which is an overlap resistance. Stop loss is at 0.89315 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Take profit is at 0.88131 which is a swing-low support. High Risk Investment...
Waiting for an entry pattern at 0.88984 area to short AUDCAD back to key 4H level at 0.87476 If you agree drop a like and if you have any questions leave a comment :)
Hello,Traders! AUD-CAD went up to Retest the horizontal Resistance of 0.8895 So I am locally bearish Biased and I will be Expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders. in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89300 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance area. Trade safe, Joe.
Hello Traders! This is My idea related to AUDCAD H4. A very nice retracement from the OB, I expect a strong bullish move until the OB at the price of 0.89600. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and...
Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
I Believe AUDCAD have great chances of returning to the 0.90 levels
#AUDCAD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #AUDCAD. AUDCAD was in a consolidation zone from last couple of days and now it is on the major support zone. If it breaks this support and close any 4 hour candle below this support line then we will go for a short position and...
In the world of trading, never underestimate the power of key support and resistance levels. These levels often become the battleground for market movements, forming a Sideway Bounce Trading setup. On my radar for AUDCAD: - Buying Opportunity: Watch for potential long entries at 0.8931. - Shorting Opportunity: Keep an eye on the chance to go short at...
If there will be confirmation on 50 FIB, than long is really on point so keep focus
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Done 🟢 Internal Structure: Also bullish 🟢 Decisional FVG liquidity: Mitigated, Making a prebreak out Buildup 🟢 Traps: Fakeout done at the top, grabbed all the swing liquidity from lower side 2️⃣ Pattern 🟢 CHART...
Analysis of the Australian dollar versus the Canadian dollar currency pair The analysis is based on Elliott waves in the daily and mid-term time frames By completing 5 rising waves, the market can enter correction and fall, and the medium-term target of this fall can be considered in the range of 0.87560. Note: It is important to maintain the resistance of 0.90000...
Analysis of the Australian dollar against the Canadian dollar in daily and medium-term time frames The market can enter correction and collapse by completing 5 ascending Elliott waves Important resistance 0.90000 Target 0.87566
AUD/CAD Seems to be forming a bearish flag after an upwards trend break. We have seen it testing the ~ 0.89 levels but a strong bullish reaction happened. I believe a retest on that zone is still doable.
AUDCAD has successfully executed a bullish breakout, breaching both the trendline and the formed triangle. Despite the presence of a bearish expanding channel, there is potential for a bullish reversal to the upside, supported by a well-confirmed breakout. Given the recent confirmation of the breakout, we anticipate a rally towards the most recent swing high on the pair.
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.