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.
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...
Follow the channel & ride the wave! Trade within the channel.
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...
AUDCAD May Rise Again From The Support Zone Technical Analysis: AUDCAD is close to a strong support zone. We may see the price rising again from this area given that the bigger picture is showing for a possible bigger pattern. The current zone is also a very dense volume zone and has been tested several times in the past.All these details can push the price...
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...
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...
We can attempt to buy AUDCAD at HL (also 0.5 FIB , EMA 100 intact). SL , TP mention in chart Analysis at 4 hour
Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.890. The above observations make me that the market will inevitably achieve 0.899 level. P.S We determine oversold/overbought condition with RSI...
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)
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
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...
Forecast: Start of Bullish Trend (Daily) Invalidation Level: 0.87222 Only buy when the price is close to these levels: 0.88893; 0.87992.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
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
Greetings traders, Utilizing my primary trading strategy, I anticipate significant market activity around the 0.88858 level, with an interim step at 0.89155, ultimately targeting a take-profit (TP) level of 0.89300. It is imperative to maintain strict adherence to prudent money management principles throughout this trade endeavor.