Greetings, everyone! We’re back with a fresh analysis, and I’m currently seeking a buying opportunity in the OANDA:AUDCAD pair, the price reaches the extreme zone and respond, it presents a highly favorable buying opportunity,
In the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas. »»»«««»»»«««»»»««« Please support this idea...
Retest of signal candle just occurred (15m timeframe). Should be long from here. TPs are 3 supply zones above (yellow boxes).
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 is going down Now but the pair is trading Along the rising support And after the retest We will be expecting A local bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I am looking to go long on Audcad if it breaks the resistance trend line and retests the support zone. If it breaks the support and the trend line below, I will be looking for short opportunities
Price has currently bounced off the buy zone which is an overlap support level which aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.88418 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.87974 Why we like it: There is a pullback support...
Hello,Traders! AUD-CAD is falling down But will soon hit a horizontal Support line and after the Retest we are likely to see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
AUDCAD is neutral on its 1D technical outlook (RSI = 45.713, MACD = 0.002, ADX = 36.219) as it is testing the 1D MA50 and 1D MA200 periods at the bottom of February's Channel Up. This is a technical buy opportunity on the lowest possible risk, since as long as the Channel Up holds, we can target a Higher High at +2.30% (TP = 0.90500) like the one before. If the...
💵Pair Name AUD/CAD 1 DAY RELATIVE PERFORMANCE Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Retest 0.89200 Reasons - Major Turn level - Visible Range HVN - Choch Area - Month High Area - Fixed Range Low Volume Bullish Reversal 0.88000...
Traders, In today's trading session, our focus lies on AUDCAD, with our sights set on a potential selling opportunity around the 0.88800 zone. AUDCAD is currently entrenched in a downtrend, undergoing a correction phase as it nears the crucial support and resistance area at 0.88800. Adding depth to our analysis, it's essential to consider the broader market...
In this video, we delve into a comprehensive technical analysis and trading concept for AUDCAD. Our assessment reveals a potential trade opportunity. We meticulously analyze the current price action, closely scrutinize market structure, and incorporate market dynamics. Based on favorable conditions, we identify a potential entry point. However, it is crucial to...
Bearish Trendline at 4-Hour Time Frame: AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market. Observation of Dow Theory: Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment. Retracement and Rejection: A retracement up to the...
Please, check our technical outlook for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.890. The above observations make me that the market will inevitably achieve 0.899 level. P.S We determine oversold/overbought condition with RSI...
Overview: AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential. Entry: Consider entry at current price 0.88160 to align with anticipated bullish sentiment. Risk Management: Place stop-loss at 0.87200 to mitigate downside risk. Profit Targets: TP-1:...
Hello traders, we want to check the AUDCAD chart. The price is moving in an ascending channel and we expect the identified resistance level, which the price has reacted to several times in the past, to stop the upward trend and the price to fall to around 0.89000. Good luck.
Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Identified a potential trading opportunity in the AUD/CAD currency pair that we believe warrants attention. Please note that trading forex involves inherent risks, and this recommendation should be carefully considered within the context of your own trading strategy and risk management practices.