AUDCAD is moving to the downside in what is a strong corrective phase in the mkt.
AUDCAD is approaching a key horizontal daily support. Testing that the price formed a double bottom formation on 1H time frame. 0.9 - 0.9002 is its neckline. If the price breaks and closes above that on an hourly, I will expect a bullish continuation. Goals will be 0.9023 / 0.904 ❤️Please, support my work with like, thank you!❤️
The bullish channel formed has now been broken with a series of bearish candles, this is a sign of a reversal even though it is minor. There is a high probability that the bearish will continue if the price can touch the 0.618 fibo retracement area.
Clear setup approaching with a small risk. Trade the trend while others are want to predict a reversal.
Here is my analysis for AUDCAD on H1 with Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUDCAD has recently signaled a bearish breakout within its previously bullish trend. This breakout suggests that there might be a retracement towards a specific zone, which is located near the 38% to 50% levels on the Fibonacci retracements. A potentially profitable short trade opportunity could arise, offering a potential gain of 50-100 pips.
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
✅A Retest of the strong resistance level of 0.912 by AUD_CAD Has happened after trading in a local uptrend from some time Which makes a bearish pullback a likely scenario With the target being a local support below at 0.904 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, We are closely observing AUDCAD in tomorrow's trading session for a potential buying opportunity within the 0.90300 zone. AUDCAD is currently trading within an ascending channel and appears to be approaching the channel's support near the 0.90300 supply and demand area. Trade safe, Joe.
This is my technical opinion and not a recommendation to buy or sell
Hello,Traders! AUD-CAD has retested a Horizontal resistance level Of 0.911 from where we Are seeing a bearish reaction So I think that we will see A further bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Analysis: Looking at price action we can see that price is in a downwards trend. We're seeing lower lows and lower highs being formed which confirms that we're in a downwards trend, so we're only looking for shorting opportunities. Price has made a deep pullback to the current lower high and we did put in a new lower low so this is looking like a great place to...
AUDCAD been moving up and down in an inverted triangle pattern, a big one. Currently, price is going down and it seems AUDCAD is halfway down. There are two weekly trendlines as well as a horizontal area around which orders are waiting. So, price will probably goes down to this area. Also, the upper side of this inverted triangle has worked like a magnet, although...
🔰 Pair Name : AUD/CAD 🔰 Time Frame : 4hrs/ DAILY 🔰 Scale Type : MID/LONG Scale 🔰 Direction : LONG/BUY -Daily/ 4H DOWNTREND channel solid broke -Now price is trying to go up and then retest the downtrend channel. -We are planning to buy after 4H/ daily closure/ retest.
Welcome back! Let me know your thoughts in the comments! ** EURCAD 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...
Welcome back! Let me know your thoughts in the comments! ** EURAUD 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...
On a today's live stream, we discussed AUDCAD. The price formed a double bottom on a key daily support. Trading in a long term bullish trend, the market broke and closed above the neckline. We already took a long trade with my students. Growth is expected now. Goals: 0.9054 / 0.9077 ❤️Please, support my work with like, thank you!❤️
AUD-CAD broke the Resistance cluster of the Falling and horizontal level of 0.896 And the breakout is confirmed Because the 12H candle closed Above the cluster so now I am bullish biased And I think that the pair Will go higher up!