Dear Traders,
Tonight due to news price took out the sell side liquidity, price rebounded from key level and currently looking at our price going up towards our target. Use proper risk management.
Good Luck.
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...
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...
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...
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** 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.
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H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
I expect the price to move higher further in the short term until the strong support zone holds.
Utilizing the daily timeframe as the cornerstone of this analysis, an opportune moment presents itself to engage in a sell position at the prevailing resistance level. Embracing calculated risk, I anticipate potential downside movement in the imminent days. Let us observe with keen interest the unfolding dynamics of the market and discern the outcome of this...
I am looking at going long on AudCad as it is bouncing off the strong support/resistance zone and the support trend line. My setup will be invalid should the trade close below 0.88000
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:...
Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block.
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Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY . AUDCAD long
! Great BUY opportunity AUDCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Hello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
The price of AUD/CAD is trading above the 200 EMA on H1 having been below for the last 9 or so hours.
The 25 EMA is also crossing the 50 EMA north and both these signs suggest were are in or we are entering a BULLISH market on this pair.
The price is also above the WPP mid pivot which will act as double support along with the 200.
On the Pivot Point SuperTrend...
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 a long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Fundamental news: On Thursday we will see results of Unemployment Rate on AUD,...
AUDCAD has shown extreme bullish price action, currently we are seeing some correction and price is likely to drop to our region and bounce straight up from that area of entry. Possible helping us gain 300-500 pips from the move. Use accurate stop loss and take profit.
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.
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...
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 a long. I wait price to continue the retracement and my point interest for a long is if price rejects from trendline + bullish order block.
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