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Australian Dollar/Canadian Dollar

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Australian Dollar/Canadian Dollar forum


Victor_Kinyanjui
AUDCAD An Ascending Triangle with rising Higher Lows at Key Resistance Level. Potential Double Top forming at Resistance Level. Important Fundamentals release on CAD TODAY AT 3:30 PM. If price closes above resistance level setup is invalidated.
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fugutrader
AUDCAD Recent bullish move with positive expectation of Australian news release tomorrow morning. Positive news could cause continuation, negative news could cause a reversal/retracement. Patience required.
Mr1-5
AUDCAD For all AUD pairs, I’m changing my entry levels. Price may not dip exactly where I wanted, so I’ll be watching this zone for a new 1:5 RR setup.

Keep in mind, news can easily sweep stops — trade safe.
Wishing you good luck, and follow me to catch more of my setups and strategies!
Snapshot
AUDCAD They'll want me to put an explanation but the markups are pretty clear.

Testing a candle's high we recently closed above, looks like it's acting as support at the moment.

If we do happen to fall into the imbalance range (blue), it will/should act as support but there is a clear set of targets above the range and we are showing no signs of bearishness--attacking daily lows-- as of the past few days.
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Mr1-5
AUDCAD For me, the AUD looks strong across the board.
I’m preparing long setups on every AUD pair with 1:5 RR targets — here’s the full list for you to consider.
Snapshot