IN AUDCAD price was its support and previous range resistance area on the monday open wait for the direction of market if price break its trendline and black level to the upside the good setup to trade for long and the targets are next level which is 0.8794 and thursday high/
2nd scanario/
if price break this level of support to the downside than we see on the...
Hello traders!
‼️ This is my analysis on AUDCAD .
Here we are in a bearish market structure, but we can see that price rejected perfectly from institutional big figure 0.86000, so I expect a retracement till the resistance level.
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
At daily chart, price make a nice bearish channel pattern and already touch the resistance from the channel to. Confirmation already created by the price with the big red candle and still waiting for the other confirmation to take a trade on AUDCAD.
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.
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AUD-CAD went up and is now
Retesting a resistance cluster
Of the falling and horizontal
Resistance levels at 0.89665
from where I am expecting a move down
Here is my view for AUDCAD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The AUD/CAD pair formed a head and shoulders top pattern with neckline breakdown earlier this month.
This pattern is similar to the one seen in AUD/USD but shows a bit more room to the downside towards July 2022 lows.
The RSI pointing southward and the MACD crossing the zero line indicate that some weakness could persist in the short term.
From a monetary...
AUDCAD (D) long-term bearish market, currently the price has formed a head & shoulder which has broken to the downside with long rejection from the top with a Doji. It is a high probability that the price will continue to drop as the bulls are completely exhausted by creating a series of lower highs. Upon retest of the neckline of the head & shoulder on the lower...
AUDCAD (4H) long-term down trending market. Price currently has opened with a big weekend gap. It is a high probability that the price will drop as the long-term trend is down and price action supports a possible drop.
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market making lower high and then fall mean each high did not breach previous high. 15th August formed inside bar range confined within the previous bar range. supply zone for short 0.9055-80. stop loss above inside bar high i.e 0.9115. target: 0.8920
AUDCAD is approaching the psychological level at 0.9000.
We are considering selling if price action rejects the resistance zone.
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