AUDCAD Very similar to AUDUSD, we have made a higher high in market structure and we will be needing to come back down and retest lows are some point. Keeping a very sharp eye on AUDCAD. Keep in mind .90 is a strong psychological key level, we are sitting right under that so we could easily wick up and reject off that and roll over to the downside. Patience will be key.
📢AUDCAD 4H - Technical Breakdown 📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside. 📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the...
As in my previous analysis I have shared a short signal and it went successfully touching the TP. AUDCAD now trapped in Bullish Flag and at critical Support too. Bears have tried to break but couldn't do that. Daily Support plus weekly support worked out. Luckily Rejected and going to make higher highs. Further confirmation will be obtained once market...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 AUDCAD technicaly indicators showing we can expect higher bulish market continuation, AUD is have rate cut ago...
Price is at the moment trading below a trendline that's due for test. Break of trendline to upside validates upside targets above trendline. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
AUDCAD reversed off its resistance at 0.86414 where it could potentially drop further to 0.82824. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD Trading Plan Sell - Riks Reward 1:3
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
At least it will be a big correction up
Looking for shorts on this pair from the box region shown, wait for a rejection candle stick formation on the daily top take a short all the way down to the -61.8%. 420 PIPS RR 7.5/1