if AUDCAD continues to go down and breaks it's Support 2 then you can go for short on given levels SellStop @ 0.88315 Stop Loss 0.88458 Take Profit 0.88112
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...
Retest of signal candle just occurred (15m timeframe). Should be long from here. TPs are 3 supply zones above (yellow boxes).
AUDCAD is neutral on its 1D technical outlook (RSI = 45.713, MACD = 0.002, ADX = 36.219) as it is testing the 1D MA50 and 1D MA200 periods at the bottom of February's Channel Up. This is a technical buy opportunity on the lowest possible risk, since as long as the Channel Up holds, we can target a Higher High at +2.30% (TP = 0.90500) like the one before. If the...
Forecast: Start of Bullish Trend (Daily) Invalidation Level: 0.87222 Only buy when the price is close to these levels: 0.88893; 0.87992.
AUDCAD has formed a bullish ChoCh H4 & has pulled back in the OB H1 area. It's time for bullish momentum & waiting for inducement to determine the TP target.
The price is about to get to the strong previous major resistance zone. If the price reacts downward after the touch to this level and gets its direction as the descending, we can expect price to hit Fair Value gap zone at most. The reaction of the price will let us know the next move after the FVG zone tested. All in all, my expectation from this pair is...
just using "basic technical" in this case, very clear the price at support trendline i expect bullish is strong. macd have a divergent so, i think this is very interesting to BUY disclaimer !!! this is not a signal i just share my idea BE SMART about your money do your own analysis thanksyou
AUDCAD looks good for a short. Ichimoku looks like its turning bearish, and general market structure suggests a trend shift. Looks pretty good!
Traders, In today's trading session, our focus lies on AUDCAD, with our sights set on a potential selling opportunity around the 0.88800 zone. AUDCAD is currently entrenched in a downtrend, undergoing a correction phase as it nears the crucial support and resistance area at 0.88800. Adding depth to our analysis, it's essential to consider the broader market...
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)
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...
In this video, we delve into a comprehensive technical analysis and trading concept for AUDCAD. Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to...
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
AUDCAD is trading in Bullish trend with no divergence at top secondly at 0.618-0.5 fib support AND At horizontal support and making HL place buy with risk defined below Last low
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
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.