H1 - Bullish trend pattern. Currently it looks like a pullback is happening. I expect the price to move higher further in the short term until the strong support zone holds.
H1 - Bearish trend pattern. Lower lows. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
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.
17th-21st weekly key reversal bar made a new low closed off the high. 20th October daily key reversal bar, 21st October daily insurance bar diction strength ahead. Demand zone for long 0.8625-05, stop loss: 0.8580, target: 0.8790.
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. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD made a false break of the resistance level at 0.8950. Since the market is in a bearish trend on the daily timeframe, we look for selling opportunities. Price action is going to either consolidate or retest the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
#audcad, 4th July daily bar is inside bar range confined within the previous bar range. 5th July coiled bar broker inside bar high closed on the high. both bars are dictating strength ahead. 0.9030, 0.9055 and 0.9090 are resistance levels ahead. my view long for target 0.9050.
AUDCAD took support on it's trendline on D1 chart which is lower low. I believe it will go upside from the current market price.
AUDCAD made lower lows as predicted yesterday. Price action pulled back to the resistance/swing zone. This is a breakout pullback continuation pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD is still in a downtrend on higher timeframes. Price action created a complex pullback. Currently, it is testing the psychological resistance level 0.91000. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD made lower lows, indicating a downtrend. Price action is pushing down to test the major support level 0.89200. An ideal entry is going to be to sell a pullback before the price continues moving down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
professionals increased short Aussie 2k by last week, Cad increasing long positions, mushroom shape formation for short position.
as we see this pair has made a cup shape on 30 min TF and it had done a fake breakout on 4H TF a strong resistance has tested and fail to break so we are selling on dip is for big rewards with a small risk we need your support to get delivered some great analysis to help all other traders so keep supporting us and follow for more updates on all trades
AUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way...