#Wyckoff Method. The local trading range (mark up applied) forms a clear accumulation (springboard) on top of the resistance previous trading range, in Wyckoff Method this is referred to a 'backing up action' or 'bua' and in the instance where a trading range forms on top of a previous range this is a major sign of strength. Supply is removed from the previous...
AUDCAD in the ascending channel between the trend lines. The chart has reached the dynamic support. The price held above the support level coinciding with the 50% retracement level. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The price has hit the downward trend line with the formation of AB=CD harmonic pattern and we see a negative divergence in the RSI indicator. It is expected that we will see the price drop in the first stage up to the range of 0.8910
Bear opportunity has arrived again. lets see if this gets down to 0.8850
The AUDCAD is presently in an upward trend and displaying a Bullish Flag formation. In this scenario, we might consider opening a long position (Buy Stop) as the price breaks out from the upper boundary of the bullish flag pattern.
AUD/CAD expected to go down, AUD/CAD there is Bearish divergence in play
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 - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short AUDCAD Entry Point - 0.8950 Stop Loss - 0.8972 Take Profit - 0.8909 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello Here we have the AUDCAD chart in the 4-hour time frame, where the price is in an ascending channel, and we expect the price to continue its upward trend until reaching the support area of 0.89224 on retrace until the key point of 0.89241. And in case of breaking the resistance zone with suitable candles, we will consider the continuation of the upward trend
Market structure is BULLISH so we expect the recent demand within the HIGH and the low itself to push price up to take out the week HIGH📈
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
AUDCAD is displaying a Mutli TF Divergence on the 1Hr and 4Hr with a double Top Pattern on both TFs. A reversal for AUDCAD can be expected news being the catalyst.
AUDCAD is forming a symmetrical triangle which indcates a continuous pattern, AUDCAD will go bearish on breakout.
The market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. FX:AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an...