Price created a reversed head and shoulder at 61.8% of Fibonacci level in daily chart. The price pulled back at the neckline, gaining the potential to move higher. wait for a correction based on your own trending rules! What do you guys think???
📈The AUDCAD chart shows a descending parallel channel pattern following a breakout of a significant horizontal resistance level. After retesting the broken structure, the price has rebounded and broken above the resistance line of the descending channel, indicating a bullish trend. It is likely that the pair will continue to rise, with a target of 0.8880.
Fibonacci multi-timeframe clouds aligned and compacted on the 60-minute, 4-hour, and daily timeframes signal an increased probability that the candles will move towards the following targets Targets on the chart Risk-to-return ratio > 3.
📊Australian dollar vs Canadian dollar analysis The analysis is based on Elliott waves in the medium term The market is in wave abc, which is currently expected to be at the price floor of wave b, and by maintaining the support of 0.88150, it can enter an ascending wave as wave c to the target of 0.89370.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
HTF Analysis LTW Entry If I have to be honest, its only the Monthly candle that's giving me an oversold bias to go long. I'm not sure about 3M, 6M or 12M We could see the W candle close less bearish because of the price hitting the daily S/R zone and showing a Bullish candle stick pattern. RR is always placed on the Daily. Entry is always on the 4H or...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88455 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 0.88700 which is a level that sits a pullback resistance. Take profit is at 0.87972 which is an overlap support that aligns...
price is still in correction, we are waiting for the proce to tap the demand zone, and wait for our confirmation as per our rules of entry.
AUDCAD created the selling opportunity at resistance at the 61.8% fibo level. Price action is making lower lows and lower closes, indicating bear dominance. The market is printing the bearish, engulfing candle, absorbing previous candles. We expect a continuation of trade and a test of the support level. ------------------- Share your opinion in the...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88500 support and resistance area. Trade safe, Joe.
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Pay attention to the long-term DECREASE trendline, set up a SELL signal ⭐️ SET UP AUD/CAD PRICE: 🔥SELL zone:0.88450 - 0.88600 SL 0.89000 TP1: 0.88100 TP2: 0.87800 TP3: 0.87500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a...
bearish idea daily trend bearish 4 hr bearish printing lower high and lower lobe no bullish diversion RETRACE .78 OF PREVIOUS BEARISH LEG sell at 0.8828 stop Loss 0.8860 tp1 0.8797 tp2 0.8765
i cant explain to much but we can see it, pure downtrend i just share what i see disclaimer this is not a recommendation do your own analysis goodluck
Seeing the market complete a downtrend and exhausted to change direction into an upward trend
Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
like u see in the chart , i think it will goes straight to the profits inshallah
Where there's smoke, there's fire. I observe a promising upward movement towards the 15/30-minute zone here, followed by a swift downward pull, indicating rejection at the ATR. My entry points are set at 0.88342/stop loss at 0.88385/take profit at 0.88234. Let's capitalize on this opportunity and make some money!