last day's price makes a significant downtrend by bouncing the resistance line down and now the price already breakout of the resistance line which means it will go uptrend. Retest has created and nice candle confirmation has created, you can see at the 1H timeframe same structure are created.
Welcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** AUD/CAD Analysis - We expect price to head upward as its currently rejecting daily support and showing wick rejection on the 4 hr. Also have a flag after impulse leg. Target is right before Daily resistance highlighted zone. Be sure to follow the entry criteria rules...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 in my next analysis.
IN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point...
audcad buy : 1)based on my fib levels it will retest and will bounce up 2)due to news it gave a huge bullish momentum and will continue the same for next day so we can expect a bull candle in 1D tf tomorrow
Pair touching resistance and Bearish Divergence forming in 4H and 1H time frame. Feel free to give a feedback. New trader trying to learn.
Lots of positivity after a strong wave.. seems to be a change of direction Waiting for a small correction We expect it to continue to rise
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Opportunity to buy in AUDCAD after breaking the downtrend and pullback to the trend line and confirmation by the next candlestick
Any corrective structure right now will continue with an up impulse wav, if AUD/CAD will give another down impulse I'm flat
We are expecting a bounce on AUDCAD. -Divergence on MACD -Close to a stong weekly level -Price is in a demand zone We will be entering on lower timeframes if we get our entry signal
AUDCAD has reached the weekly support level. As you can see on the chart, this level has already worked out as a resistance level. The level is very strong. The nearest target is 0.9300, then 0.9650
The Price move near the key level support, and the falling wedge perform, let's take a look for a view days if the price can push through the trend line, then we have an opportunity for buy entry.
Price is now heading to previous support area. 30 pips SL for 200 pips PROFITS. Last week took short position & its almost in tp level. previous analysis in linked below
so what do we have on the 4 hour chat? will price retrace and continue to the down site or it will break the four hour trend line ? i'm with the bears on this one
Quasimodo Pattern sited! A great opportunity for buyers to get in at a good price. In this video, I walk you through the setup so that you learn to do it on your own. If you want more video like this, leave a LIKE, and SUBSCRIBE if you want to get the latest updates. I will be sending updates to this setup! This will probably play out Sun/Mon. Would be nice to...