Ascending triangle , it shows to be a bit overbought, so I would like to get in when it drops back to support and hopefully it shows to be a support and I'll enter.
Hey traders, here is the analysis for the AUDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Hey traders, here is the analysis for the AUDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
on AUDCAD we see a beautiful descending channel on 4h tf.as i see we can have continues bullish move to he dinamic resistance and e bearish move to the exhibited area,if the price breaks above the resistance we may have another bullish move to the prz made before
Looking at AUDCAD on Daily, it is currently completing a Lower Low and rejecting off from the Support Zone as well as retesting major trendlines. I will be expecting a rally towards the resistance level 1.0220
Looking to place a sell stop @ .96710 With a Stop loss @ .97525 (83 pips) & a Take Profit @ .95070 (164 pips)
This analysis was provided yesterday and played out nicely with 78 pips profit . This trade was with 1:3 RRR based on multiple time frame analysis and flag pattern 🙌
AUDCAD formed an ascending structure and then broke out and formed flag pattern , price is expected to break that pattern soon and we will enter the trade with sell stop with a few pips stop loss 🙌
AUDCAD Is starting to combat this bearish trend but I don't think its time for it to depart. Price may want to push down into the most recent imprinted low before trying to make an upside move.
Please view the chart for an explanation of my mark up prediction.
Hi Traders AUD/CAD Multi-Timeframe analysis (08/03/2021) H1 Chart (Strong Down) The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level. Support & Resistance 0.97016 0.97252 0.96877 0.98225 0.96641 0.98733 H4 Chart...
Hey traders 👨💻💰 This pair looks set to head lower. I have an alert set on the support around 0.97145. It's all open area from there. This is on the watchlist 👀👀
Hi Traders AUD/CAD (H3 Timeframe) A medium to high probability, entry to LONG is forming @ 0.98975 after the market found support @ 0.98225. Only the downward break of 0.98225 would cancel this bullish scenario. Trade details: Entry: 0.98975 Stop loss: 0.98225 Take profit 1: 0.99418 Take profit 2: 1.00168 Take profit 3: 1.01390 Score: 7 Strategy: Bullish Breakout
Bearish Channel 1.00 M,W Rejection zone AC currently trapped in M,W Bullish Channel. However, M.A's are supporting Bulls. Price has respected support 0.98. Watch this zone more closely. AU has respected 1.00 zone. Breakout still possible if NFP triggers volatility.
This has retraced to the point I marked out in my previous post for this pair. This was a very strong downward move so I want to let it settle before opening a long. Also MACD has dropped below 0 and EMA's have crossed lower so I want to see these turn back higher before longing. I have set TP at 1.00482, I expect a lot of resistance there and above
As you know few days ago price reached to it's highest level since 2018 because of monetary policies of Canada Central Bank and now we expect to see it goes down to the lower level again.