Price could fall to our buy entry at 0.8923, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is below a swing low support as well as the 61.8% fibo retracement. Take profit is at 0.9027, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
Dear Traders, XAU and AUD are positively correlated which means when price of GOLD goes up AUD goes up too. Hence, AUDCAD dropped heavily in recent time and therefore price is at the 'discounted level' where big buys are expected within the next week. It is crucial to enter with good risk management. Next week is likely to be volatile. Good Luck and Like and Follow!!
I am currently long AUDCAD with +480 pips across two lots. Price has reached an untested supply zone and is also up against a 78.6 fib extension and 50.0 fib retracement level. I am going to go ahead and scale down my positions, take profit and move my stops to trail from break even. Short, medium, and long term indicators support both a strengthening Aussie and...
Waiting for a retest of 0.89091 to long AUDCAD back to Daily swing high at 0.90394 If you agree drop a like and if you have any questions leave a comment :)
Traders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes. Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region. My strategy involves waiting for the market to reach the 0.9000 region before...
Hey Traders, In today's trading session, we are monitoring AUDCAD for a buying opportunity around the 0.89300 zone. AUDCAD has formed a bull flag and currently appears to be in a correction phase, approaching the flag support at the 0.89300 support and resistance area. I would also take into consideration the bullish bias in the indices due to the positive...
AUDCAD / 1D AUDCAD / 1D Hello Traders, welcome back to another market breakdown. AUDCAD has broken the structure from bearish to bullish. And broke above the range which suggets more higher prices to see. Checkout the chart for what kind of setup I would look to take. Trade safely, Trader leo.
This is my technical opinion and not a recommendation to buy or sell
AUDCAD hitting strong weekly resistance as CAD has hit strong support. A better view can be provided by reversing the name and looking up CADAUD in the chart. Awaiting stronger confirmation as it may retrace temporarily to the resistance area. TVC:AXY TVC:CXY FX_IDC:CADAUD
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.89000. Like, comment and subscribe to be in touch...
Some CAD CPI rubbish releases tomorrow. Maybe that will affect the direction of this trade idea. Maybe you shouldn't trade it because of the scary news.
after breakout from wedge and complete pullback...
Hello fellow traders, Today, we're keeping a close eye on a potential long opportunity in the FX:AUDCAD currency pair. Let's dive into the analysis: 📈 Upward Trend: The overall trend for this pair is in an upward direction, and it has been moving within an ascending parallel channel. 🛠️ Support Break: However, a noteworthy event has occurred - the support...
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: As I expected in my last analysis price rallied up, now I wait price to take liquidity above equal highs and then we could see a retracement to fill that huge imbalance lower. Fundamental news: This week on Friday will be released Unemployment Rate on AUD. If the result is negative, it will...
AUDCAD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the sell momentum continues the next target could be 0.87400 followed by 0.8700 region. What you guys think of this idea?
AUDCAD has recently experienced a bullish surge, confirming a breakout on the daily timeframe. Currently, the price is poised to retest a previously identified support level before potentially resuming its upward momentum. Should the ensuing pullback exhibit healthy price action in line with the bullish forecast, there is anticipation of a reversal near the...
We're hitting the same support zone as the previous week on the AUDCAD timeframe, we're entering a long position.