Based on the H4 chart analysis, we can see that price is falling towards our buy entry at 0.8899 which is an overlap support that aligns with a confluence of Fibonacci levels i.e. 50% retracement and 61.8% projection. Our take profit will be at 0.8983 which is an overlap resistance. The stop loss at 0.8835 which is a pullback support that aligns below the 61.8%...
Based on the H4 chart analysis, we can see that price has just bounced off our buy entry at 0.8912 which is a multi swing low support level. Our take profit will be at 0.8981 which is an overlap resistance . The stop loss will be set at 0.8834 that below 61.8 Fibo retracement level. Please be advised that the information presented on TradingView is provided to...
AUD-CAD was going up After the pair made a rebound From the local bottom but The pair is still in the downtrend And is trading in a below The falling resistance So after the retest I think That a move down is Very likely !
In this video we take a look at the AUDCAD. We can see this is under pressure trending down at the moment. In the video we look at the trend, price action and market structure. As always everything is explained clearly in the video and this is not to be construed as financial advice.
AUD/CAD new wave after the retracemnet is grreat chance to sell after perfect bearish price action around the fib levels
It's been 2.5 months since we last traded AUDCAD, when it gave us a sell signal (see chart below) right at the top of its Channel Down for maximum gain: Right now, the pattern is getting wider and its new bearish leg to a new Lower Low may be starting as last Friday's inability to close above the 1D MA200 (orange trend-line) may result in a Lower High...
AUDCAD has formed double top with strong bearish divergence. Which is potential reversal pattern. Will these confluences put the pair in sell pressure.?
this pair is back to approaching and testing a major resistance level at around 0.90962.
Hey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.90200 zone, AUDCAD is trading in a downtrend and currently seems to be attempting to break it out. If we get rallies above 0.90200 resistance are we will be watching a potential retrace of the trend towards more highs. Trade safe, Joe.
AUDCAD hit the 1D MA200 yesteday and came just shu off the top of the Channel Down. The 1D timeframe is technically bullish (RSI = 62.944, MACD = 0.002, ADX = 28.766) but the RSI is also near the top of its Rectangle pattern. The previous top coincided with the Channel Down rejection. Consequently we are opening a sell now and target the S1 (TP1 = 0.874500) and...
Welcome back! Let me know your thoughts in the comments! ** EURAUD 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...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
☑️Broke the structure on the 4 hour timeframe ☑️Lots of liquidity at the bottom If we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️ Good luck 🙌💪
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price...
On the 4-hour chart the trend started on June 30 (linear regression channel). There is a high probability of profit. A possible take profit level is 0.8947 But do not forget about SL = 0.8740 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
SLO2 @ 0.6856 (conservative) SLO1 @ 0.6706 (aggressive) TP3 @ 0.6630 TP2 @ 0.6357 TP1 @ 0.5925 BSO4 @ 0.5664 BSO3 @ 0.5505 TP0 @ 0.5497 (@ Minor Resistance) BSO2 @ 0.5452 (9m) ⏳ BSO1 @ 0.5447 (9m) ⏳ ADDITIONAL INFO: — TP0 is our earliest TP for Day Trading — shaving 25% from TP1/TP2 — closing ALL Buy Orders @ TP3 ⚠️ Trading the All-Time Low on this pair is...