Hello friends In the currency pair AUD CAD we see the formation of a 5-wave pattern. Waves 1, 2, 3 and 4 have been completed. Wave 5 is also from 5 micro waves will be formed, whose waves 1, 2 and 3 are clearly formed. Therefore, we are waiting for the completion of wave 4 and then the start of wave 5 of 5. This correction in the dominant wave 4 of 5 can last up...
AUDCAD Buy at HL (also 0.618 FIB , trendline support intact) SL , TP mention in chart
AUD/CAD in Bullish trend, RSI is matching the trend also
I am looking at going long on AudCad as it is bouncing off the strong support/resistance zone and the support trend line. My setup will be invalid should the trade close below 0.88000
hello everyone, price has breakout the resistance trendline today, the price will likely get corrected before going bullish... the corrected point are basically when price makes high low.. It can either correct to point 1 or 2 due to major CAD and USD news tomorrow so manipulation can likely happen... good luck
The chart shows two potential ideas for a count based on Elliott wave theory. My main scenario is still bearish that will see price finishing a larg WXY formation (red color). Here, I believe price to be in a wave B (blue) of the wave Y. The alternative is that the WXY (red) has already ended and price will move higher. For now, I´m targeting the end of wave B...
AUDCAD has approached the 4h supply zone created with the recent trend breakout identified. Here we expect to see a potential reversal back towards the trend line or previous OB following the selling pressure. This is expected to follow a retracement close to 38%-50% on the Fibonacci.
The Inflation Deflator has printed a double sell signal. Further confirmation is seen as Make That Money has also printed a sell signal in the same price range. This correlates with a retest of 4h supply zone. We should see a nice drop down to 0.8840
💎Buy AUDCAD @ 0.884 - 0.882💎 Wednesday 04/03/2024 09:59 AM EST 0.878 StopLoss —> 0.8845 BreakEven+ TakeProfit 1: 0.886 TakeProfit 2: 0.888 TakeProfit 3: 0.890 TakeProfit 4: 0.892 TakeProfit 5: 0.894 TakeProfit 10: 0.904 TakeProfit 20: 0.924 TakeProfit 30: 0.944 Richard Eyo ~The Wizard 🧙♂️
AUDCHF is making a new bullish trend by breaking previous LH NOW it also broke its previous HH and moving toward forming another HL .so now by applying fib numbers we got our entry price as it will likely test 0.382 fib number.
SElling momentum kicking in, way overbought looking locking in for a short
✅AUD_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 0.895 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
after the price hit a strong area of supp the price gave a very good bullish price action so we can enter a buy trade now
This is just a simple idea of what I think will happen for AUD/CAD tomorrow(04/04). I am not a financial advisor nor is this financial advice, TRADE AT YOUR OWN RISK. I feel as if price will test the PWH (0.88984). Pullback to the bullish FVG (Fair value gap) earlier to somewhere around 0.88587 & take off. I see it def clearing PWH(previous week high) after test...
after the price hit a strong area of supp the price gave a very good bullish price action so we can enter a buy trade now