Nice opportunity to up after retracement of the previous impulse Strong bulls under level
hi friend to my idea base on resistance zone and tringle pattern our chance for sell is more than buy
AUDCAD show a Bullish Divergence. Break the Last Lower High and Continue the Bullish trend. We place a instant order at trend line break. Set TPs and SL according to your account health
well relooking at the higher time frame price is currently price is bearish and against a red zone so the shorts is valid
Short stop entry if price approaches and then rejects upper resistance level to remain within channel. Long entry if bar closes above. Trade is only valid until AUD news release.
explaining this trade is quite tasking as its a trend in trends confirmation, price failed to break below the lower wedge and broke back into the the bullish trend and above a weekly zone confirming a buy
Creating an ideal environment for a short involves setting the take-profit point at 0.87844.
I have been monitoring the 0.8769-60 support level for bullish reversal signs. The four-hour chart posted a bullish outside candle from the Sunday open. The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is...
AUDCAD has recently experienced a bullish surge, confirming a breakout on the daily timeframe. Currently, the price is poised to retest a previously identified support level before potentially resuming its upward momentum. Should the ensuing pullback exhibit healthy price action in line with the bullish forecast, there is anticipation of a reversal near the...
⚜Divide lot size in the zone with 3 layers ⚜Remember: We will have to enter direct with layering in zone ✅ 1st limit start of zone 2nd limit mid of zone 3rd limit end of zone We’ll have to count 30 pips that will be our TP1 from the latest layer that is being activated ⚜Breakeven Trades after 30 pips and close half profit with BE
Good day traders, the current situation on the AUDCAD seems to be a formation of a break and retest bullish. If this market sentiment holds we want to be on the money making side. Lets wait for the market to test Support and Resistance line and enter with confluence.
audcad has just broke out of the weekly downtrend and is now retesting a poi. wait for a confirmation for a further move up.
We're hitting the same support zone as the previous week on the AUDCAD timeframe, we're entering a long position.
Waiting for a retest of 0.87936 to short AUDCAD back to Daily swing low at 0.86025 If you agree drop a like and if you have any questions leave a comment :)
Big bearish weekly closure. If the sellers stay strong looking to jump in.
As you can see price has rejected the "optimal zone" 3 times, the last rejection being in the range of the "OB" ( Order Block ) of the 5 min timeframe chart. I will wait another bullish candlestick confirmation in the 5 min timeframe above the second yellow trend line then i will enter the trade. My TP is at 0.88052 which is the start of the FVG (Fair Value Gap)...
Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher. No real fundamentals for this, pure price action.
The AUDCAD pair appears to be setting the stage for a strategic entry, and here's the plan of action based on the recent market activity and technical indicators: Support Bounce: The price has rebounded off a strong support level, which could serve as a launchpad for upward momentum. Consolidation Break: We've observed a breakout from a recent consolidation...