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
I'm looking at the Australian Dollar Cross Canadian Dollar pair this week. Looking back at this pair. I can see it has been very bearish over the span of 247 days, give or take. 27 Jan - 27 Sep. This massive 970+ pip range was unable to break the previous swing low resulting in a change of market structure. This shift in bullish momentum tells me those prior lows...
Using the BBMA Strategy by OA, a Re-Entry Long in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 1H - Re-Entry 15m- 50 EMA Rejection + Extreme long 5m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in 1H * 1:3 RRR *...
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,
just using "basic technical" in this case, very clear the price at support trendline i expect bullish is strong. macd have a divergent so, i think this is very interesting to BUY disclaimer !!! this is not a signal i just share my idea BE SMART about your money do your own analysis thanksyou
Retest of signal candle just occurred (15m timeframe). Should be long from here. TPs are 3 supply zones above (yellow boxes).
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!
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
AUDCAD has formed a bullish ChoCh H4 & has pulled back in the OB H1 area. It's time for bullish momentum & waiting for inducement to determine the TP target.
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...
Follow the channel & ride the wave! Trade within the channel.
💵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...
AUDCAD looks good for a short. Ichimoku looks like its turning bearish, and general market structure suggests a trend shift. Looks pretty good!
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...
AUDCAD May Rise Again From The Support Zone Technical Analysis: AUDCAD is close to a strong support zone. We may see the price rising again from this area given that the bigger picture is showing for a possible bigger pattern. The current zone is also a very dense volume zone and has been tested several times in the past.All these details can push the price...
We can see a beautiful uptrend on AUD/CAD on the 1D timeframe with the price approaching the trendline. Looking to see what price does around the 0.88000 support level. Potential buys if it respects the support level and the trend line and bounces back.