On this pair we should wait until the price arrives at our marked zone , supply zone , it's creating a great channel and it has a break of structure and imbalance upside , so we wait the price to fill the candles and to see how the price reacts at our zone .
When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions...
FX:AUDCAD As we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe. There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance. There is also a Double...
Hi Traders, AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary. Keep this one on your watch list Follow your trading plan! Support more of these by clicking the like button if this...
Hi TRADERS this is my trade set up for the AUD/CAD AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please like...
Show the ROCKLINE which made price has hug reaction but can't go down - Now u can see the candle under the ROCKLINE - We'll find the SL of BUYER to Take profit
We have interesting confluence happening here. - Has wicked of a weekly order block - Restest of a daily anchored VWAP - 200 SMA touch - TMA bands heavy sell zone - OBOS showing heavy overbought Sell level and stop loss shown, as well as various TP levels. 1% risk used, at each TP level 0.25% closes. Once we hit TP1, the whole order goes risk free.
The weekly chart indicates that there is still buying power there, we therefore need to move up another bit before sellers enter the market in numbers.
Hi Traders, AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the...
Nice risk reward profile on this DT at a good structure level Lets see how it plays out - in this trade as above
#AUDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! ThankYou.!
Sell AUDCAD with risk of 2.5% with T1 at mid distance and T2 near the support levels
Provide the TRAP for AUDCAD - Quite surely for the SHORT POSITION
Hello traders. Due to the positive divergence in the daily time frame and the break of the downtrend line, I expect the price to rise to the wedge ceiling. Be profitable
the price needs to reach this line before we can start making up an idea on where the price might go from this point on. so we need to see if it will break the zone and continue its way up or just make a retest on the zone and go back down to touch the main trend line.
In this set up, i wait the price action to enter and go short. after the big red candle from the last bar, i decided to go short. Please dont use my set up blindly. please do your own research too. im still a learner.
Waiting for a retest in this area before taking it short to monthly support