AUDCAD SHORTThis currency pair has met all my confluences to take a sell. Liquidity grabbed, Shift in Market structure.Shortby Last-Chartbender0
Decoding AUDCAD's Intriguing JourneyNavigating Waves: Decoding AUDCAD's Intriguing Journey 📈🌊 Unraveling the Downtrend: A Chronicle Since December 23rd Since December 23rd, the AUDCAD forex pair has been riding the waves of a persistent downtrend. 📉 This downward trajectory has been marked by consistent lower lows, signifying the dominance of sellers in the market. Traders and analysts have closely observed this trend, searching for potential reversal signals amid the bearish momentum. Signs of a Shifting Tide: Bullish Indications Emerge Higher Lows and Signals of Hope On February 8th, AUDCAD reached its lowest point, creating a pivotal moment for traders. However, a glimmer of optimism surfaced as the subsequent price action displayed higher lows, suggesting a potential change in market sentiment. 🔄 OpenTrend's Bullish Signal and Divergence Dynamics Enter OpenTrend, sounding the bullish alarm on February 14th. This software detected a shift in the market dynamics, indicating a possible trend reversal. Simultaneously, OpenDivergence signaled a bullish divergence, spotlighting the disparity between the price movement and the Commodity Channel Index (CCI). This kind of divergence often foreshadows a change in trend direction. 🚀 Zero Lag MACD Crosses Signal Line: A Confirmatory Move Around the same time as the bullish divergence, the Zero Lag MACD delivered a bullish confirmation as it crossed the signal line upwards. This alignment of technical indicators underscored the growing strength of the bulls in the AUDCAD market. 📈🔍 Navigating Towards Profit: The Monthly Pivot Point as the North Star As traders set their sights on potential profit, attention turns to the yet untouched monthly pivot point, residing around 0.88954. 🎯 The price currently moves beneath this key level, presenting it as a strategic profit target. This level serves as both a psychological barrier and a historical pivot, making it a focal point for traders looking to capitalize on the evolving market dynamics. In conclusion, the AUDCAD pair, having weathered a prolonged downtrend, now shows promising signs of a bullish reversal. Traders are eyeing the untouched monthly pivot point as a potential profit destination, while technical indicators like OpenTrend and Zero Lag MACD validate the shifting market sentiment. As always, traders are advised to remain vigilant, employing risk management strategies to navigate the waves of the market with precision. 🌐💹 🚀 Now, let's get back to the trading desks and turn these insights into profit! Until our next success, happy trading, my fellow wealth architect!" 🌟💹📈Longby TradingClueUpdated 3
AUDCAD - SHORT BEARISHAUDCAD pair has failed to break out of the structure on the previous active 10 candles trades and we can see a bearish being created and we execute our pair on a perfect zone which is a FVG which has also became a Point of Interest A potential short sell with a gain of 51 pips profits and should the price break out of structure at around 0.88307 zone then we expect more bearish on the pair and we should be targeting a TP of 0.87491 and this short term pair will be a swing tradeShortby Thapza5
AUDCAD Long Term buying Trading IdeaHello Traders In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET today AUDCAD analysis 👆 🟢This Chart includes_ (AUDCAD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chartsby ForexMasters20001
AUD/CAD LONG trade from .8882The price of AUD/CAD is trading above the 200 EMA on H1 having been below for the last 9 or so hours. The 25 EMA is also crossing the 50 EMA north and both these signs suggest were are in or we are entering a BULLISH market on this pair. The price is also above the WPP mid pivot which will act as double support along with the 200. On the Pivot Point SuperTrend the price remains above the green BUY signal and this has been the case since 13:00 Friday. On the 15m time frame, the Andean Oscillator has the green BUY line above both the red SELL line and the signal line and the red SELL line is flat. All the signs are that this pair is headed higher and in the absence of scheduled news there's no reason why we shouldn't see AUD/CAD move highert over the next 24 hours. STOp on this trade is below the swing low at .8864 (18 pip STOP) and our target is WR1 which sits above price at .8992. Longby forextraplaces1
AUDCAD : Bullish TrendAUDCAD is in bullish trend, making higher highs and higher lows.Longby matifakbar2
AUDCAD - SHORTMy first trade of the week, AUDCAD short. price breaks of of a bearish flag, which is a continuation pattern, I'm expecting the price to continue dropping lower.Shortby rossiiey1
Lingrid | AUDCAD RESISTANCE zone RejectionThe price perfectly fulfilled my last idea. It hit the target. AUDCAD made an impulse leg downward. The market broke and fixed below the range zone. The pullback was rejected at the resistance zone by forming a long-tailed bar. I expect a bearish trend to continue because price action has made lower swing highs and lows, and sellers are pushing the market lower. On the daily timeframe, it bounced off the strong resistance and moved lower. I think the market will retest the equal lows. My target is the support at 0.88200 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻Shortby Lingrid8823
very intressting patternI am observing a very intressting Pattern here which might start Bearish and then take offby Najah-keeper1
AUDCADHere we go again. lets see how the structure fair up. I will add new screen shots as it develops. The Bear was Great down to here. and the last ideas will start to show what is going on and what most people don't understand in the concept of price action.... Longby elitetechfx-dailyUpdated 115
AUDCADAfter a good market liquidity sweep. the market should return back to its original trend, in this case is a downtrend. hope you find this usefull trade with cautionby manuchimsoernest1
AUDCAD IS MAKING DOUBLE BOTTOM 4HAUDCAD is making Double Bottom with bullish divergence on 4H time frame which indicate its a trend reversal Longby rizwanahmed0603111
Long IdeaBullish, patiently waiting for price to lower back to zone before buys. Re-tracement leg still in progress. Safe & happy trades.Longby WikFx2
AUDCAD In already for a buy on this pair, hopefully it goes to my predicted direction ⬆️Longby Pleazant-fx0
AUDCADAUDCAD is currently in a demand zone. The red dotted line is called risk trendline, waiting for the break of that downward risk trendline before executing in sounds like a solid plan. it's smart to be patient and let the market show you its ready to move away from the demand area. Plus, by waiting for the break, we are giving ourselves confirmation, which can help in making more informed decision. Just make sure to keep an eye on news that might affect the AUDCAD pair while we wait. will make an update when it is ready for entry. Happy tradingLongby Abdoul-Trading-systemUpdated 4
XAUUSD short move Price is to fall toward our bullish order block of 2152.46 a pullback support that aligns with the 61.8% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 2222.49. If price breaks below the pivot, it could fall to 1st support at 2145.13, a swing-low support level. Shortby OCBE-FX1
AUDCAD TRADE IDEA (21 MARCH 2024)This is an analysis based on supply and demand. We have change of character and this means sellers are no longer in control, it will be a good idea to buy AUDCAD at the point of interest. Wait for rejection at the demand point of interestLongby Abdoul-Trading-systemUpdated 8
DeGRAM | AUDCAD breaking the ascending channelAUDCAD is currently pulling back to the broken ascending channel's border. The market is creating a potential H&S pattern following a breakout. Price action is likely to move down from the kill zone zone. We expect a sharp move from the resistance level at 0.88500. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM118
AUDCAD H4 , Bullish Bat Pattern with Warning sign 22/03/24Based on AUDCAD H4 chart , Bullish Bat Pattern has formed. The wick of point C candle touched the candle body of point A. Advisable to wait for candle confirmation before engaging the trade Completion level : 0.87515by Yan57350
AUDCAD BUY FX:AUDCAD This week, we observed a bullish run in AUDCAD. The price surged and reached its highest point at 0.89200, but couldn't maintain the momentum and dropped soon after. In order to test the strength of the trendline, I decided to sell at the highs, hoping that the support area would be tested during the decline. If the support area manages to hold, we may witness a retest of the highs or possibly even a breakthrough. This could lead to a continuation of the bullish trend, which would be an ideal scenario for traders. Alternative Scenario: In the event that the price encounters resistance at either the 61.8% or 50% gap levels, there is a possibility that the market may continue to move in a downward direction.Longby TKProphet0
AUDCAD LONGAn interesting idea to keep an on. I'm expecting market to BUY, given the conditions on HTF. Narrow down to LTF to find your precise entry. Risk small. Good Luck!Longby cyrille2542
AUD CADWe updating last chart of AUD CAD, and adding one more position. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.Longby betimmavriqi1