December was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98
Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken.
Sell rallies can be a good strategy
An update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we...
AUDCAD technically has two tops. This confirms that the technical pattern of changing the propensity to "M" is created. However, CAD is very strong. The most important condition here is that you can only reach this transaction after breaking the support zone. Stay tuned
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TECHNICAL ANALYSIS:
Since the beginning of December the price has been moving in a strong ascending channel and today, 11th of January, the price broke the channel for the...
Hi!
I see here a nice opportunity to short AUDCAD - at least for the next few hours.
The idea is based on a simple but very effective price action and market structure approach.
Let me know in the comments what you think 🤔
Hey traders, here is the analysis for the AUDCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Sideways market structure.
4 HOUR
Expecting a break towards previous week lows and support zone.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.98510
SL @ 0.98950
TP @ 0.97880
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different...
Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally...
Expect it to pull to the downside at the area of the trend line .
Look for buys in that zone.
DONT FORGET TO PUT STOP LOSS.
RISK WHAT YOU CAN AFFORD TO LOSE.
![AUDCAD: AUDCAD Future move [Prediction]](https://s3.tradingview.com/z/zeTdAQv7_mid.png "AUDCAD Future move [Prediction]")
