It is recommended to buy on the floors... The price range of 0.8810 to 0.8830 is the most suitable buying range. We expect the ceiling of 0.8890 to be broken and the price will experience further increases.
It appears that the price is converging towards the horizontal support zone, coinciding with the 38.2% Fibonacci retracement, suggesting a potential bounce. Notably, there's an upward trendline support, hinting at a bullish sentiment. A bounce off the pivot could drive the price upwards, targeting the 1st resistance, which also serves as a pullback resistance.
AUDCAD Sell Stop Loss: 0.891 Targets: 0.884 0.882 0.880 0.877 0.874
AUDCAD Buy at HL ( also 0.5 FIB , trendline support intact) SL , TP mention in chart
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place The price action is traveling between a parallel channel. The price has fallen to the support area. It is expected the price action will take a pullback and move upwards. Bullish Trend Is Still Intact. SL & TP Levels are defined.
✅AUD_CAD will soon retest The horizontal support Of 0.8827 from where I will be expecting A local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
AUDCAD is seems to be continue its bullish trend as it is printing HH and HL and made a continuation pattren peanut.
Looking for potential order flow imbalance shift upon the retest of the marked level to provide professional buyers the necessary sell orders to scale in.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and has pulled back to the indicated key level. We expect this level to play the role of a support level and the price will grow to around 0.89000. Good luck.
Im long here. We are at an important level where australia bank rises cash rate last time.
AUDCAD is making rising wage with bearish divegence centiments also show bearish trend so accourding to my analysis bearish trend will start on 1H time frame my trade plane mentioned in chart
Disclaimer: The trade idea presented herein is solely for journaling purposes and does not constitute investment advice or a recommendation to buy, sell, or hold any securities or financial instruments. The information provided is based on hypothetical scenarios and past performance, which may not be indicative of future results. Investors should conduct their own...
AUD/CAD is carving out a classic M-Top candle pattern at resisance so a break of the neckline at .8850 will be a confirmed SELL. M-Tops and W-Bottoms are proof that you don't need indicators to trade. Indicators obviously help and I use them - but you don't NEED them. You'll be a successful trader if you just traded M-Tops and W-Bottoms. These patterns are...
tp and sl on the shart time to see nnnmnmm hfgjfgf
Hi Two area that I think are suitable for a sell position. I risk 0.5% in the first position (red line) and 0.5% in the second position (blue line). RR: 3 Good Luck.
AUDCAD is exhibiting signs of breaking out of its recent Bearish channel. It is encountering resistance at the 4hr 100 SMA (0.88) It will possibly test the previous upper channel trend line to see if it is provides support or falls below it re-entering the channel to revert to the lower trendline. Upcoming news for both currencies will likely initiate any...