Excepting a retest to the descending channel and then a breakout, lets wait until the scenario works then we will enter a long position with SL mentioned (red line)
RSI is extremely oversold Price is at resistance level on the 4h pivots Stop loss is on the chart Risk management is important News could affect the position Stay updated
Im looking for long opportunity from 0.8852 lets see how it goes
I still have a long-term bearish outlook for AUDCAD but I do see two ways of getting there. 1) A regular three wave corrective pattern going up into the upper blue-green box and from there price will fall significantly. 2) Instead of a three wave pattern we could deal with a triangle corrective move and we just started the wave D which will be followed by a wave E...
Forecast: Start of Bullish Trend (Daily) Invalidation Level: 0.87222 Only buy when the price is close to these levels: 0.88893; 0.87992.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
AUD CAD noo more up trend its time to break out price will be down fall after retest till 0.89504 marked price line, make a short entry as shown in the picture
Greetings traders, Utilizing my primary trading strategy, I anticipate significant market activity around the 0.88858 level, with an interim step at 0.89155, ultimately targeting a take-profit (TP) level of 0.89300. It is imperative to maintain strict adherence to prudent money management principles throughout this trade endeavor.
AUDCAD buy opportunity looks promising. Expecting price to pull back to the indicated support zone. 3:1 + risk reward ratio. Trade Nicely, The Chosen One
Market Structure Bullish on HTF Weekly and Daily at same AOI Strong Weekly Close (Bullish Engulfing) Weekly EMA Retest Weekly Rejection at AOI Around Psychological Level 0.89000 Daily Rejection At AOI H4 EMA Retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every...
AUDCAD was the second trade that helped me pass my challenge. Follow More trades coming.
On this 4hr timeframe we marked the daily area of liquidity then market pushed down if you can see on the daily we got very strong bearish now we'll wait for entry timeframe to commit according to my trading plan to take this trade. Sorry guys and girls for in detailed explanation
Overview: AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential. Entry: Consider entry at current price 0.88160 to align with anticipated bullish sentiment. Risk Management: Place stop-loss at 0.87200 to mitigate downside risk. Profit Targets: TP-1:...
the pair has reached the profit target and now it feels we may a move back towards 0.8985 again. However, do not rush it, and carefully place the BUY. Strategy BUY @ 0.8902-0.8905 and take profit @ 0.8980 for now. SL below 0.8875. Over all we may see much lower levels in time so play it careful.