4h supply 4h bearish order block 1h bearish engulfing candle on h1 Expect the price to at least retrace to 1h uptrend retracement. RR: 1:1.83
AUDCAD was trading under the declining trendline. The price was reacting well the support and resistance of trendline Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target could...
AUDCAD OANDA:AUDCAD - Apr. 18th, 2024 BUY/LONG ZONE (GREEN): 0.88750 - 0.89550 DO NOT TRADE/DNT ZONE (WHITE): 0.88500 - 0.88750 SELL/SHORT ZONE (RED): 0.87850 - 0.88500 Weekly: DNT (at last week's close it was labeled bullish, with current momentum it's DNT) Daily: Bearish 4H: Bearish OANDA:AUDCAD has broken done into the next zone. This is what I would...
AUD/CAD moving quickly from equilibrium showing the bullish price. note - we aud cpi on 24/4/2024
This is video number 3 of 3. Watch the last two in the links below to gain insights on how I trade economic reports such as the Australian CPI That's it - That's all Trade Safe
Audcad has recently sweep the sell side liquidity, as we can see that on 4H TF it respecting the supply zone. the price is in the discount zone
AUDCAD is in an uptrend in the 4-hour timeframe and seems to be following a rising channel. In the short-term, it was in a downtrend in the 1-hour timeframe, where it was respecting a downward trendline. The price was unable to break the lower line of the channel and formed a very strong hammer candle. It went ahead and broke out of the downward trendline. I see...
AUD CAD PRICE WILL BE DOWN FALL TILL MARKED PRICE LINE make a short entry as shown in the picture follow for more live updates...
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point. Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot). Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade. In between I do nothing!
Price could possibly break back above to fill the range. Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range. Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is...
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...
long It is on support in the higher time frameeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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