AUDCAD is in a Bearish Channel. D1 is an Engulfing Candle which means sellers are in power Bearish Channel/Flag in 1H
AUDCAD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit. Entry: 0.88469 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.88948 Why we like it: There is...
💵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...
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
Welcome to our latest analysis of the AUDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the AUDCAD's trajectory. From...
AUDCAD is currently ranging in an uptrend. It has reached our support zone in the trend. As we always look for buying opportunities in a an uptrend hopefully its next move will up. AUDCAD has reached strong demand zone inside the trend which it might respect and push upwards and push to the 0.90050 zone. But failer to do so will result in it selling after the...
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...
if AUDCAD continues to go down and breaks it's Support 2 then you can go for short on given levels SellStop @ 0.88315 Stop Loss 0.88458 Take Profit 0.88112
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.
AUDCAD in Bullish Trend with Cup & Handle chart pattern indicating continuation of bullish trend.
A cup and handle pattern is forming on the 1H time frame which gives us a good opportunity for a nice trade.
AUDCAD chart in 4H time frame is printing Uptrend with Cup & Handle Pattern and observed there is no any divergence. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm doing long trade with Buy Stop Order on the breakout neckline level with stoploss below at last Higher Low level.
The pair is in bullish trend and good cup and handle formation confirm this.
AUDCAD has been trading in a strong Bullish Trend. No Divergence has been observed on the RSI. A clear Cup & Handle Pattern has formed which confluences the continuation of the Bullish Trend. Trade Plan: Long Entry: 0.89784 SL: 0.89013 TP1: 0.90550 TP2: 0.91330
Daily: - Bullish M (Big pattern -> weekly pattern also) - 3rd leg impulsive (+) - S&D zone is a clear zone in history (+) - Daily zone aligns with weekly zone (+) Weekly: + MS + ZONE + FIB 3/4 LONG + Weekly small pattern as extra 4H: - Waiting on pattern
I am in a beautiful sell position on AUD/CAD. As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe. Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside. I will be targeting the asia low that I have...
Market is Expected to go to sell as news is there and the Support is broken ,Volume for the sellers are good to get market down
It is doing a retest on the trendline. We should watch the price action at this zone and see if its going to move lower.