After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from...
1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How...
Previously, AUDCAD did not go our way after a BULLISH close to our confirmation candle. As mentioned in my previous analysis, we were expecting a BEARISH movement to take place after the 361.8% level being reached. It went higher than expected testing the resistance level 0.9785 price level. Overall, I am expecting a BEARISH movement to take place soon. Kindly...
AUDCAD Looking for further confirmation before taking any trades
1 HOUR CHART FOREX AUDCAD SELL AUDCAD ENTRY LEVEL @ 0.97215 STOP LOSS @ 0.97349 TAKE PROFIT @ 0.96980 Leave me comment in comment section. Hit the LIKE to get more trading ideas.
1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How...
We managed to see a 361.8% fib movement with a clean rejection and price is currently on a BEARISH momentum. I will be expecting a movement towards 1.618 fib level where there is also a support level @0.9606. I have identified this area as my demand zone. Looking at the daily candle, my confirmation candle has already triggered giving us a good short...
AUDCAD 4H timeframe analysis, i'm expecting it to sell first before buyingg.
i think AUDCAD rejecting the resistance, and it will go down
AUD - BEARISH 1️⃣ Sentiment for the Aussie cooled as iron ore futures fell more than 4% on Monday, declining from record highs after China’s steel producers pushed for a regulatory probe into recent skyrocketing prices. 2️⃣ Tensions between Australia and China also impacted investor sentiment, as Global Times noted that Beijing’s top economic planner has excluded...
- Bullish pressure exhausting - Break of structure causing new lower low - Price inside 4hour OB, with entry inside 1min OB
#AUDCAD I believe the price will continue its way down and reach the purple line for us to be able to win at least 27PIPS. . . . considero que el precio va a continuar su camino a la baja dándonos la oportunidad de hacer una pequeña venta buscando sacar unos de unos 27PIPS.
Hello Friends, Welcome to the technical analysis of AUDCAD. After the good impulse to the downside, the price got rejected from the previous support line; which is now acting as a resistance. I think AUDCAD is gonna continue dropping at least to 0.95970, based on my technical analysis. Thank you for your support. Please follow & like if you find this idea...
AUD has been unstoppable this week, which has made it impossible to sell this pair. We have wiped out the prior high again but we remain above significant structure so we cannot sell until the price clears that level marked. Personally, I am more inclined to sells but I will go with the flow and not get caught with a bias. I assume the majority of sentiment is...