AUDCAD successfully surpassed and closed below an important intraday horizontal support last week. Following this breakout, the market retraced back to retest the previously broken level. The bearish response to this retest suggests that there is a strong likelihood for the downtrend to persist. The targets for this decline are set at 0.8800 and 0.8760.
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 PRICE - DOWN FALL TO SUPPORT ZONE TO FILL LIQUIDITY, here we can see that price formed consolidation got a breakout to support zone after that price formed a uptrend line, need to wait for a breakout of up trend line, if the break out happpen make a short entry to support zone as shown in the picture, follow for more live updates...
🕵️♂️ Let's dive into analyzing the Australian Dollar against the Canadian Dollar and see how they compare to each other. We'll focus on lower timeframes for this analysis. 📅 As we start the first day of the week, the market has just opened, and traders are awaiting the American session for their trading activities. Typically, we see increased volume during this...
We have a great trade looking at the FVG on this time frame. We can see a great set up with nice fib levels.
A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see...
I'm going to wait to see if we get a push higher and then wait for the retracement for a buy to the big sell off area
AUDCAD is in a Bearish Channel. D1 is an Engulfing Candle which means sellers are in power Bearish Channel/Flag in 1H
AUDCAD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit. Entry: 0.88469 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88948 Why we like it: There is...
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
Welcome to our latest analysis of the AUDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the AUDCAD's trajectory. From...
The AUDCAD is now in a bearish trend and continues its ride there is no divergence on an rsi indicator and above LH is your sl and make sure you can calculate your risk before entering the trade.
Hello friends In the AUDCAD currency pair, we observed a complete 5 wave. After these 5 waves, we expected a correction, mostly a zigzag or... Wave 1 or A, 2 or B and 3 or C have happened. Right now we have a single uptrend. For this situation, 2 scenarios can be imagined. The first scenario, which is more likely, is the end of wave 3 and the beginning of an...
AUDCAD is currently ranging in an uptrend. It has reached our support zone in the trend. As we always look for buying opportunities in a an uptrend hopefully its next move will up. AUDCAD has reached strong demand zone inside the trend which it might respect and push upwards and push to the 0.90050 zone. But failer to do so will result in it selling after the...
I posted this idea a while back... Lets see if all 3 targets are going to hit like last time...
Will be watching this one closely next week, must check the news calendar
Bearish Trendline at 4-Hour Time Frame: AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market. Observation of Dow Theory: Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment. Retracement and Rejection: A retracement up to the...
💵Pair Name AUD/CAD 1 DAY RELATIVE PERFORMANCE Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Retest 0.89200 Reasons - Major Turn level - Visible Range HVN - Choch Area - Month High Area - Fixed Range Low Volume Bullish Reversal 0.88000...