Bullish Indicators: Support zone at 0.90940 Bearish Indicators: Resistance zone at 0.92023 Fib level 38.20% Plan A: One can take long position on the breaking of resistance zone at 0.92023 for the target of 0.92689 and 0.93163. Plan B: On the breaking of support zone at 0.90940 one can take short position for the target of 0.90658.
H4 time frame. Structure: Downtrend. After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared. Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities. The profit target is the 0.92700...
Bullish Indicators: 1) Double bottom 2) Support at 0.91131 Bearish Indicators: 1) LL LH 2) Downward Trend 3) Descending upper trendline 4) Resistance at 0.91752 Fib level 23.30% Plan A: One can take long position on the breaking of descending upper trendline for the target of 0.92290. Plan B: On the breaking of support level 0.91131 one can take short position...
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Hi traders, Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future. It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89. My...
The trade is on a long-term short. weekly resistance at 0.91200. Buyers might enter the market strongly in that zone.
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The AUD/CAD has started what seems to be a Bearish movement back in September and it doesn't look it's going to stop any time soon. The pair is had a small push-up 2 days...
AUDCAD is currently taking support on daily and had broken the bearish trendline earlier. The pair can potentially move upward from here and test the resistance area of 0.93700 and then move upwards from there. Contrarily breaking of daily support of 0.91150 will make the pair bearish again.
OUICK 1:5 RISK/REWARD I targeted this trade quickly just a test for myself Take trade if you think its plausible
If you missed it, you can enter later if any chance it bounce back up, but definitely not jump in and regret Entry: 0.91662 TP: 0.915 SL: above 4H sell zone, mine is at 0.9171 tight SL but this is a scalp trade, so RR is more important - adjust it higher if you want higher protection TP: 0.915; if you hold, you can target 0.91213 and lower GL
Hey hey. My name is Kaci. In this video, I complete a top down analysis of AUDCAD. I take a bird's eye view of the longer term move in the market. In this video, I use fibonacci retracement and extension tool to help me determine my bias. Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2,...
Long term sell setup. I have a video posted in my published ideas that may provide more insight into my analysis.
AUD - Weak Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to...
Is there a possible big gains to be made on AUDCAD next week? 4hr price action showed bulls tried to reclaim the high side but was strongly rejected. Possible continuation to the downside. Looking to short this again next week. WHATS YOUR THOUGHTS? OANDA:AUDCAD
Looking at the AUD /CAD Daily Forex chart, there was a decent sell setup there this morning. You can read my notes on the screenshot to see my thoughts on this trade. Cheers.
AUDCAD is touching the weekly resistance level, we expect pullback from this level, If the price action is able to break the support on 4H chart we can go short on the retest with good risk reward ratio. Profit target at 61.8% of previous up move
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AUDCAD short + Entry level Reentry due to lose. i have entered again