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...
Overview: AUD/CAD is nearing a critical resistance at 0.88450, suggesting a potential downward move. Key Levels: - Resistance: 0.88450 - Stop Loss: 0.88850 - Take Profit Targets: - TP-1: 0.88050 - TP-2: 0.87700 Analysis: - Bearish Bias: The probability of downward movement is high. - Entry: Consider short positions on a re-test of 0.88450. - Stop-Loss:...
H1 - Bearish trend pattern. Lower lows. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
Hello Traders, We have A Channel Zone. If The Price Breached The Trend Line, Take Entry While Retested and Looking For Bearish Momentum As Showing By The Path Tool. Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some...
AUD/CAD is carving out a classic M-Top candle pattern at resisance so a break of the neckline at .8850 will be a confirmed SELL. M-Tops and W-Bottoms are proof that you don't need indicators to trade. Indicators obviously help and I use them - but you don't NEED them. You'll be a successful trader if you just traded M-Tops and W-Bottoms. These patterns are...
The AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell...
Hello Traders! This is my forecast for AUDCAD H1. I expect a bullish move on H1 if the retracement will be valid. I expect a rise until the OB around the price of 0.89700. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello Traders! This is My idea related to AUDCAD H4. A very nice retracement from the OB, I expect a strong bullish move until the OB at the price of 0.89600. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
AUDCAD, i am Expecting down in H1 soon but it will go a little bit up to take the POI then it will fall directly down to unmitted OB.
Yellow: Open Position Red: Stop Loss Green: Take Profit I am not responsible for your loss! Thanks for visiting. Happy Trading!
Yellow: Open Position Red: Stop Loss Green: Take Profit I am not responsible for your loss! Thanks for visiting. Happy Trading!
OANDA:AUDCAD It has been observed that the price has reached the upper side of the bearish channel, indicating that it is likely to commence a downward trend.
Here is my analysis for AUDCAD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
In this video, we analyze the AUDCAD currency pair, noting its bearish trend on the higher timeframe. Within the video, we delve into crucial elements of technical analysis, such as the trend, price action, and market structure. Furthermore, we explore a potential trade setup. Please remember that all information is thoroughly explained in the video, and this...
Here is my analysis for AUDCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, we need LTF confirmation for both zones. We should not enter as a limit order. Both zones are valid. 💡Wait for the update! 🗓02/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌