AUDCAD bounced from a major support Level on the Daily time frame, also broke the upper trendline of a descending channel on the H4. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending...
Bullish Indicators: Support zone at 0.90940 Bearish Indicators: Resistance zone at 0.92023 Fib level 38.20% Plan A: One can take long position on the breaking of resistance zone at 0.92023 for the target of 0.92689 and 0.93163. Plan B: On the breaking of support zone at 0.90940 one can take short position for the target of 0.90658.
There is a chance for Audcad for big long... As it's looking like Wyckoff accumulation 1...
Bullish Indicators: 1) Double bottom 2) Support at 0.91131 Bearish Indicators: 1) LL LH 2) Downward Trend 3) Descending upper trendline 4) Resistance at 0.91752 Fib level 23.30% Plan A: One can take long position on the breaking of descending upper trendline for the target of 0.92290. Plan B: On the breaking of support level 0.91131 one can take short position...
Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions...
Hi traders, Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future. It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89. My...
The trade is on a long-term short. weekly resistance at 0.91200. Buyers might enter the market strongly in that zone.
For about four weeks now AUDCAD has been trading in a strong bearish trend. So far the price has formed a falling wedge pattern on 4H as it approaches the daily support which is also a potential demand zone. I expect a reversal from this zone. To trade more safely I will wait for the breakout and retest of the structure. The setup will be invalid once the price...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The AUD/CAD has started what seems to be a Bearish movement back in September and it doesn't look it's going to stop any time soon. The pair is had a small push-up 2 days...
AUDCAD Buy midterm opportunity. Price is approaching the daily OB, where we should see the reversal to the upside. EQL's formed on a daily chart providing an additional liquidation zone before the reversal.
AUDCAD is currently taking support on daily and had broken the bearish trendline earlier. The pair can potentially move upward from here and test the resistance area of 0.93700 and then move upwards from there. Contrarily breaking of daily support of 0.91150 will make the pair bearish again.
Beautiful 200pips Short move on AC, a Long term analysis just from D POI
Break of structure for potential upside movement ,
Hi traders! It has been a while here! :) Hope you're all doing well. AUDCAD rally from August low unfolded as a five-wave impulse structure and it follow by a three-wave correction. The correction unfolded as a simple zigzag with an ending diagonal pattern in wave C. According to EW theory, once a 5-3 (impulse-corrective) wave cycle is complete, the price...
I have a bullish bias on AUDCAD like all other AUDxxx pairs and a bearish bias on xxxAUD pairs. This pair has broke out of the initial ending diagonal with a bullish impulse and its currently in a corrective phase with another ending diagonal. Will be looking for bullish candle formation before going long.
AUDCAD breakout the downward channel in last week amd now its retesting the supportline so a bullish move is expected from retest. use proper risk management please GOOD LUCK
AUDCAD long trading idea I will long trade looking DOW THEORY
This is my idea on AUDCAD pair. What do you guys think? Good Luck Everyone.