AUDCAD just broker above its resistance at 8745 mark, next resistance is at around 0.882, it this breaks, it may potentially open up 120pips leg to 0.894
Audcad broke out of the ascending channel and ended up coming back to retest this chandel, we could expect more bullish behaviour due to this
AUDCAD show a bullish trend and we place a buy order limit on Fibro Retracement Level for enter on HL and ride more effective trend. Set Buy limit at 0.382 Level and SL & TPs.
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: As we can see here price changed the character and started to make higher highs and higher lows, so I am looking for long position. I want price to continue the retracement to fill that little imbalance lower and then price to reject from bullish order block + institutional big figure...
20, 60 day moving averages are now below price showing an early indication of a potential trend change. Price has broken out of the upper trendline. Wait for price to break the 0.89000 level which also coincides with the 250 moving average.
Took this idea yesterday afternoon NY. A nice pin bar has been emerged on the top. In HTF down TL, has been pushed price back with a nice resistance. 0.87450 will be my TP for the near looking. Broke the small support on 0.87997 and retested and falling now for your entry. please trade by your own risk
-Head and shoulder pattern, a bearish reversal pattern. -Bearish Divergence also printed, which further confirms bearish reversal. Note: Entry to placed at bottom of neckline, either place a sell stop order or wait for retest or break out and take entry
Hello traders, Trend has changed and we should change our bias. Let's long the Aussie-Loonie around the level!
A #short trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.88362 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell). Sufficient downward...
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Consolidating between Support and Resistance. Respected a major Support. Broke resistance. Entry Point at the breakout above resistance.
OANDA:AUDCAD It has been observed that the price has reached the upper side of the bearish channel, indicating that it is likely to commence a downward trend.
AUDCAD - 1H - Bearish Bearish Divergence Strong Resistance Entry on Break of Previous HL Sell Stop - 0.87758 TP - 0.87238 SL - 0.88273
AUDCAD has been selling throughout the last week,but it created a double bottom,so we will expecting some bullish movement this week.
Just want to share and check if some one agrees and explains in more detail why it’s working
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis Based on our view the price will rise to the monthly level DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...