AUDCAD broke and closed below the psychological level at 0.8800 which became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the fibo cluster. We expect a trend-continuation trade since we have a bearish trend and divergence at the border of the...
AUDCAD is currently at a level of support on higher time frames so just to keep this short and simple im just looking for a bounce because i feel that the weekly time frame has to pull back after the strong bearish move down. market still has a strong chance of continuing its bearish trend but i decided to play the pull back if it plays out. *AUDCAD/BUY
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block. Fundamental news: On Friday we will see results of Unemployment Rate on...
AUDCAD is retracing back from the support level. The market created the selling opportunity at resistance and a 50% fibo level. Price action is making lower lows and lower closes on the 4-hourly chart. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Well, the price reached the extreme demand zone in the daily chart. As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone. Now, we can expect two different scenarios for uptrend. 1. The price can start rising from here because it hit an important level and...
The AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell...
Hello Traders! This is my forecast for AUDCAD H1. I expect a bullish move on H1 if the retracement will be valid. I expect a rise until the OB around the price of 0.89700. 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...
In the 4-hour period, it is moving in an ascending channel, which can correct its previous wave up to 61.8 and then enter the correction phase of its previous wave. Therefore, if there is a reaction in the specified limits by forming a negative divergence in the macd oscillator, the return wave can continue up to the green box range. In addition, the return wave...
AUDCAD is on a bearish trend on HTF but currently on a retracment. Giving us HH and HL which makes it bullish on the smaller TF Price retracing to the LQ found @0.88664. Im looking at it grabbing that and moving down to the OB below before buying up. Looking at entry @0.88583 We wait to see market reaction on that block.
AUDCAD is testing the psychological level at 0.89000 in the ascending channel. The market is consolidating on the 4-hourly chart, following the bearish move. Price is likely to move down from the kill zone since the market is consolidating. We expect a pullback from the resistance level and the continuation of the consolidation. ------------------- Share...
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! 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...
😇 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...
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.
My analysis of AUDCAD shows that sellers are in control * AUDCAD is bearish
AUDCAD broke and closed below the psychological level at 0.9000 that became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the kill zone, psychological level, and 38.2% fibo retracement level. We expect a trend-continuation...
I am expecting AUDCAD to make a move upward, thereby taking out the previous high before making way to my TP.