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!
Expecting this 4hr fvg to hold and take the high. Waiting for additional confirmation on the lower time frame to confirm
AUDCAD in bullish making new HH and HL, most likely will stay bullish and make a new HH
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 !
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...
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...
Aud Cad is ripe for a sell now it hip a Monthly Pivot of 0.91048 and now it has a 4hrs candle closed below the Pivot point its heading to hit 0.87881 another monthly pivot point , please apply proper risk managemant.
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...
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...
Looking from above, on the Daily it is a bullish flag. On the 1H we are in the low portion of a Range pattern with high volume (resistance for lower prices) @ the bottom with many wicks also on the individual candle bottoms. Entry @ .90290 Stop 1 taking 50% off @ top of the range .90560 Risk/Reward 1.15 Stop 1 remaining 50% off @ .90960 Risk/Reward...
Watch price action on lower timeframe for sells. Price trades on a daily Orderblock
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.
LOOKING FOR SELL opportunities on after the break of the previous low , until that happens ill sit on my hands n wait
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
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.
The pair starts feeling heavy, and the chances of lower GOLD price and steady OIL at the lower level,s may push it through the GANN support 0.9020 area. The AO also is negative, helping the strategy work perhaps. Strategy SELL @ 0.9010 - 0.9035 and place SL above 0.9065. Profit order @ 0.8907.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.