AUDCAD BUY?Trend continuation is expected on this pair. We will wait for confirmation and enter. My current analysis is pointing bullish.Longby n_dudu_z5516
AUDCAD sell tradeBased on the latest technical analysis for the GBP/CAD pair on the H4 chart, here's a summary of the current market sentiment and key technical indicators: - *Market Sentiment: The overall sentiment is leaning towards a **Strong Sell*². This is reflected in the consensus of various technical indicators and moving averages. - *Technical Indicators*: - *RSI (14): The Relative Strength Index is at **43.924*, indicating a sell signal². - *STOCH (9,6): The Stochastic Oscillator is at **29.657*, also suggesting a sell signal². - *MACD (12,26): The Moving Average Convergence Divergence is at *-0.001**, which is a sell signal². - *ADX (14): The Average Directional Index is at **25.487*, which suggests buying due to the strength of the current trend².… Based on the latest technical analysis for the AUD/CAD currency pair, here's a bearish outlook: - *Summary: The overall sentiment is **Strong Sell*¹. - *Moving Averages: Indicate a **Strong Sell* with 11 indicators suggesting sell and only 1 indicating buy¹. - *Technical Indicators: A majority of technical indicators are signaling **Sell*. This includes the RSI (14) at 31.554, suggesting the pair is oversold, and the MACD (12,26) indicating negative momentum¹. - *Pivot Points*: The classic pivot points are showing the next support levels at 0.8881, 0.8887, and 0.8894, with resistance levels at 0.8907, 0.8913, and 0.8920¹. Please note that this analysis is based on past data and does not guarantee future results. It's important to conduct your own research and consider multiple sources of information before making any trading decisions. Remember, trading involves risks and is not suitable for all investors. Source: Conversation with Bing, 06/12/2023 (1) AUD CAD Technical Analysis - Investing.com. www.investing.com (2) AUD/CAD - Live Rate, Forecast, News and Analysis - DailyFX. www.dailyfx.com (3) AUD/CAD technical analysis: Bearish trend should prevail - Capital.com. capital.com (4) AUD/CAD Outlook Bearish on Fundamental, Technical Considerations - DailyFX. www.dailyfx.com (5) Australian Dollar Technical Outlook Ahead: AUD/USD, AUD/CAD ... - DailyFX. www.dailyfx.com (6) undefined. t.co (7) undefined. t.co (8) undefined. t.co (9) undefined. t.co (10) undefined. t.co (11) undefined. t.coShortby Mansa_Musa_Capital0
AUDCAD - Long active ✅Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 0.89000. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD5517
AUDCAD currently in a range (Accumulation)Initially, the pair was in the hands of demand whereby the price entered the range which looked like accumulation. The first phase which is phase A poses criteria of distribution as the Secondary Test has failed to reach the Buying climax zone. In Phase B, Demand produced a series of Upthrusts and dominated Phase B by looking at the volume versus Price. This has made me change my bias to accumulation. In Phase C there is a Change of Behavior, a different move in relationtion to other demand moves. I am anticipating a move beyond the kreek followed by a no supply volume retest before i buy. Longby vtulongaUpdated 3
AUDCAD Daily Idea - 6/12/23Expect price to go up the order block and bounce off the Order Block. 1:2 RR.Longby seyefactory1
AUDCAD SHORT PROJECTIONAUDCAD has verified a breakout on both the trend line and identified support levels. This development suggests an anticipated retracement towards the next significant support levels that have been highlighted.Shortby Profitlio_3
AUDCAD potential ShortsAUDCAD Weekly_Bearish Daily_Bearish 4HR_Currently on Bullish pullback(1HR SUPPLY FAILED), *Waitng for LTF reversal(FIB) bearish structure for the continuation to the lows #BYKCAPITAL #LETSEAT Shortby BYKCAPITAL1
Lingrid | AUDCAD retest of the RANGE zoneThe price perfectly fulfills my last idea. The market fell from resistance zone and hit the TP. The market broke through the range zone and moved down. It pulled back to resistance zone aftern extesnsion down. The market is testing the resistance and uppward trendline. I'm waiting for a bearish trend to continue because price action made lower highs and lower lows. My target is previous support around at 0.89035 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid1120
short AUDCADCheck the border below the box of H4 again, then touch ema 20. wait for the red candle h4 to sellShortby dnhoan110
AUDCADthis is what i learnt from YT and many book it say that the rally base rally trend, will reach the supply zone and start to continue the trend so, let see,... dyor disclaimer i just share what i read, what i learn..Shortby dorissim111
AUDCAD - Excommunicado previous day bearish candleLooking for a long entry on AUDCAD. Just waiting for one more sweep of sell side liquidity and a sign of reversal on the line indicated.Longby ExpertIOUpdated 4
AUDCAD - Bearish Scenario 📉Hello Traders ! On Tuesday 21 Nov, The AUDCAD Reached a Resistance Level (0.90318 - 0.90567) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, I Will Sell on Retest... TARGET: 0.87950🎯Shortby Hsan_BenhmedUpdated 5511
AUDCAD SELLWent into a daily ob and refined to the 1hr OB. got a BOS on the 1hr. Shortby datorres_1993Updated 0
Key barometer for buyers at 0.89700 Bullish momentum seems to be faded out as double top pattern, three black crows and a bearish divergence has formed. If the AUDCAD dips below 0.89700, it would indicate a shift in the technical bias towards the downside. On the downside, trend line support lies at 0.88900-0.8900Shortby Trad3WithFarazUpdated 110
A guide to Profitable Scalping (why waste a price action)In the world of trading, many participants find themselves constantly waiting for the perfect confirmation for swing positions or entries, often missing out on the rapid movements that characterize financial markets. This is where the art of scalping comes into play, a strategy vastly different from swing trading, yet equally, if not more, compelling for those who master it because it offers way more opportunities to make money. In this blog post, I'll guide you through the essentials of becoming an effective scalper, focusing on market structure theory, the significance of Break of Structure (BOS), and the nuances that set scalping apart from swing trading. Understanding Market Structure Theory To excel in scalping, one must first be well-versed in market structure theory. This theory is the backbone of understanding how markets move and why they behave in certain patterns. It involves analyzing price highs and lows, trends, and ranges to predict future price movements. For a comprehensive understanding of market structure theory, this resource offers an in-depth explanation, it's not complete, but the best one freely available so I suggest you understand the content properly. www.youtube.com The Role of Break of Structure (BOS) A critical concept in scalping is the Break of Structure (BOS). When we observe a confirmed BOS to the upside or downside, it indicates a significant shift in market sentiment. The order block that caused this break becomes a focal point of interest. This is because, in the realm of scalping, these points often act as magnets for price, offering high-probability entry points. Capitalizing on Order Blocks Once a BOS is identified, scalpers must pay close attention to the order block that instigated this shift. When the price returns to this order block, a reaction is typically expected. This reaction is the bread and butter of scalping. Unlike swing traders who seek to capture larger market moves over extended periods, scalpers thrive in these quick, precise moments. Scalping vs. Swing Trading: A Different Focus The primary difference between scalping and swing trading lies in their respective focuses and timeframes. Swing trading involves holding positions for several days to weeks, aiming to profit from substantial price moves. Traders in this domain often focus on potential targets for a trade, analyzing broader market trends and economic factors. Conversely, scalping is a short-term strategy where trades last from a few minutes to hours. The focus here is not on the potential extent of a price move but, on the risk, -to-reward ratio. Scalpers typically aim for a 1 to 3 risk-reward ratio, meaning they risk one unit to gain three. This approach requires quick decision-making so it's much more involved than swing trading. Before we go on to see some examples following are the key things to remember to be effective in scalping To be an effective scalper, you need to: 1. Develop a proper Understanding of Market Structure 2. Identify High-Probability Order Blocks 3. Master Risk Management: Given the high-speed nature of scalping, managing risk is paramount. This involves setting strict stop-loss orders and having a clear risk-to-reward ratio for each trade. 4. Stay Disciplined and Agile: Scalping requires discipline to follow your trading plan and agility to adapt quickly to changing market conditions. Examples: Scalable OBs with results. This happened today: on SPX and NAS100 NAS100: SPX: How to pick an order block to trade for scalping: Entry for Scalping should be between 0.25 to 0.5 level inside the Order Block, you can use FIB tool to get these levels, this is highlighted in the Images above. 1. Do not go above 4h TF for this strategy. 2. Make sure Order block is caused a BOS 3. Notice the time frame of BOS, Pick the Order block in relation to the BOS timeframe. 4. Makes sure Prior to BOS the Order block resulted in FVG 5. Make sure the Order Block is not too big as it will result in greater risk, which I do not prefer. 6. If price does not hit your entry do not chase price, move on to next one. I want to emphasize here again , the goal of scalping is to capture the small move , not the whole move , so your focus should be one getting 2X or max 3X of your trade once , you do you get out and move on to next one , the good thing about this strategy is you can always find multiple assets where BOS is happening on anywhere from 1h to 4H TF. Finally, nothing in the world of trading is 100% so it's possible this may not work sometimes, which you should be okay with as long as it works more than 50% of the time. I n my experience it works more than 80% of the time. Conclusion Scalping is a dynamic and potentially lucrative trading strategy that requires a unique skill set, distinct from swing trading. By understanding market structure theory, focusing on order blocks following a BOS, and maintaining a disciplined approach to risk management, traders can exploit the rapid movements of the market for steady income. Remember, the key to successful scalping lies in quick, informed decisions and an unwavering commitment to your strategy. Like and Leave comment to this post to seek further clarifications if needed. Happy trading! Educationby zakoraio1
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89900 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89900 support and resistance area. Trade safe, Joe.Longby JoeChampion10
AUDCAD BUY daily time frame wait for revarsalAUDCAD looking for buy after revaral confarmation daily time frame 1day time frame still loading trade patience test swaig tradeby ANALYSESTFX3
AUDCAD | Long idea!AUDCAD has seen a lot of price action at this level. I will be looking for long positions because I expect a move to the upside! Be patient and manage your risk!Longby FX_Unlimited2
AUDCAD: Important Breakout!↪️AUDCAD was consolidating for 14 days in a broad flat trading range on a 4-hour chart within an ascending channel pattern. The price has ultimately breached and concluded below the support of the range this week. I think that the pair might decline now...👍✅️ Shortby linofx13315
short audcadbla bla bla . this is not a financial advise . short inevitable. Shortby trollistUpdated 775
AUDCAD - Sideways MovementsAUDCAD is moving in sideways directions. Don't get confused with too many lines. S1, S2 and S3 represent three Support Levels (Green Lines). R1, R2, and R3 represent three Resistance Levels (Red Lines). Place these levels (orders) simultaneously, when one order type is filled cancel the other one. Make sure these orders are Buy Stop and Sell Stop Orders. Take Profit levels are defined with Yellow Lines. The risk-reward ratio is always 1:2.by ShahzaibNaveed1
AUDCAD Trade ideaAUDCAD is consolidating in a range on 1h time frame. A trade plan can be planned after it breaks support or resistance levels.by sumeedshaiq0
AUDCAD - Range MarketAUDCAD is not making HH and HL or LL and LH, so be careful of breakout and trade. Longby Saad-Raza0