Price has been stuck in range for the past week and is likely to break lower soon. Aussie is bearish across multiple pairs, and I think taking any pair should do well. I would like to see a break of the range and some consolidation before impulsive move lower. If price snaps back into range, then close it, as a retest of the high is possible. Good luck!
Hello Traders As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart. Now the price is inside a range, creating the double purge scenario for us. If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation. 💡Wait for the...
AUDCAD in bullish trend making a Rising wedge expected trend reversal at the breakout.
H4 PRICE BIAS is bullish. As price is heading higher. H1 TF, price will pull back into the horizontal level that was tested multiple times. Set a long trade at the horizontal level with SL below the h1 swing low. Targeting Daily swing high. Basic break and retest strategy
Watch price action on lower timeframe for sells. Price trades on a daily Orderblock
Hello friends In the AUDCAD currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 out of 5 impulse waves. Therefore, there is a need for price correction in both cases. Microwaves of wave 3 or C are clearly formed, except for its 5th wave. Therefore, we are currently waiting...
AUDCAD is trading at the bottom of a bullish trend ! so , i believe that bulls will take the market back and will push it up again !
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as...
AUDCAD in bullish making new HH and HL, most likely will stay bullish and make a new HH
Based on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
AUDCAD has completed the ABCD reversal pattern, a bearish divergence has formed, waiting for breakout of HL for a trend reversal. Therefore, a sell stop placed just below the previous HL.
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
There is a strong selling area on the daily frame We suspend the transaction and follow the good terms
AUD is still showing more bullish signs against other pairs. We just broke a pattern and retested it as well as respecting our fair value gap. Check the 15m timeframe for bullish patterns.
if we do a back test we will see that the price is standing at a very strong area of resistance and support that pushes the price strongly. i will wait for the daily candlestick closure to see how the price will react to it. if the daily candlestick failed to close above and at the same time i get a good bearish price action i will sell AUDCAD at once. those are...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.