AUDCAD is rising towards pullback resistance and could potentially break off this level and rise higher. Buy entry is at 0.88127 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.87586 which is a level that sits above the swing-low support. Take profit is at 0.88976 which is an overlap resistance...
Two interesting areas to enter sales. The first one right now, the second 50 or 60 pips higher. Be careful that tomorrow we have the interest rates of the Canadian dollar.
Price is to fall toward our bullish order block of 0.87671 a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.88128. If price breaks below the pivot, it could fall to 1st support at 0.87508 , a swing-low support level.
Hello everyone ... if price break our entry areas then this idea will be invalid.. Use good trade management only thing important in Trading is how you manage your trade... motivate us by likes and comments... .. good luck..
Hi fellow traders! After an impulsive break of the previous support I am expecting this to turn in to resistance . I expect some slow retracement to the target shown before coming down to the target below. I will be waiting for entry within the 1H timeframe. Have a safe trading week
AUDCAD has been in a downtrend but currently is at a 4H Support. Trade Bias - Support Hold Buy at Current Market Price and SL at lower support region. Market Sentiment 90% Longs Hourly Bullish Divergence
✅AUD_CAD is trading in a Downtrend and the pair Broke out of the bearish Flag pattern which reinforces Our bearish bias and makes me Expect a further bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
AUDCAD is retracing back from the support level. The market created the selling opportunity at resistance and a 50% fibo level. Price action is making lower lows and lower closes on the 4-hourly chart. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello Traders ! Previously, The AUDCAD Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (0.88778 - 0.89160). The Support Line is Broken. So, I Predict a Bearish Move📉. ----------- TARGET: 0.87950🎯
Greetings, traders! Let's delve into the analysis of the AUD/CAD daily chart, which is showcasing a compelling trading opportunity: Pattern Identified: 📊 Double Top Reversal Pattern. Current Price Position: 📈📉 The price has broken below the Neckline at 0.88775. Trading Plan: 📉📈 Neckline Breakout: The breakout below the Neckline at 0.88775 suggests a...
Hello Traders! Welcome! Today, we're examining AUDCAD and identifying a promising trading opportunity. The price has been moving within the boundaries of trendlines, with the upper trendline breakout at 0.89883 and the lower trendline breakout at 0.89382. Notably, the price has recently broken below the lower trendline breakout at 0.89382, suggesting a bearish...
Disclaimer: All trade ideas and analyses shared are only my views on the markets. BEFORE OPENING YOUR TRADE: - Remember risk management is 1-2% of your capital - Take profit of your position partially. Don’t let your profits disappear - Don't open too many orders at the same time - Be patient - Don't be so greedy - DON’T FOLLOW BLINDLY - ALWAYS DO YOUR ANALYSIS...
Well, the price reached the extreme demand zone in the daily chart. As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone. Now, we can expect two different scenarios for uptrend. 1. The price can start rising from here because it hit an important level and...
AUDCAD about to SELL profit target 100+ pips. Downtrend strong. Daily strong sign.
The AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell...