AUDCAD is showing BEARISH CRAB PATTERN on Dailly Time Fram looking for short on given levels for TP1 and TP2
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Daily: - Hedge position - Solid candle close - Fib completion -27 - BIG SELLING ZONE Weekly: - Weekly -27 fib completion - Impulse and correction - BOC is reached that aligns with big selling region *High chance on bearish pullback 4H: - Waiting on 1 more 4H candle close - Deceleration
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
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...
The AUDCAD currency pair currently finds itself in a crucial demand zone, resting at the level of 0.90300. This signifies a significant area where buyers are stepping in with increased interest, potentially indicating a shift in market sentiment. The demand level further strengthens at 0.89850, providing additional support and reinforcing the notion of buyers'...
We can attempt to short AUDCAD from specified level as it break HL , trendline support , also there is bearish divergence which indicate that it move downward. SL , TP mention in chart.
Aussey interest rate stayed the same as Expected Last time it went against the AUD so assuming it will continue quick 20 pips. Ultra Metre is all red usually a good sign Heading down top order block Traders are Selling also
This pair will see a pullback to around .8850, after a strong push up , im expecting the market to turn into bear market for the next couples of days. Liquidity grab and down to at least %61.8. Sell sell sell
A Decree to Diminish the AUDCAD Ah, dear interlocutor, allow me to discourse upon the forex pair AUDCAD with the eloquence and refinement befitting our station. The pairing of the Australian Dollar (AUD) and the Canadian Dollar (CAD) is a matter of profound interest and intrigue within the realm of foreign exchange. Both currencies hold sway over vast...
if we do a back test we will see that the price is standing at a very strong area of resistance and support that pushes the price strongly. i will wait for the daily candlestick closure to see how the price will react to it. if the daily candlestick failed to close above and at the same time i get a good bearish price action i will sell AUDCAD at once. those are...
Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs. Trend trading is used by short-, intermediate-, and long-term traders. Traders use both price action...
There is a strong selling area on the daily frame We suspend the transaction and follow the good terms
On AUD/CAD, it's nice to see a strong buying reaction at the price of 0.89960 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and...
Short Setup Entry will only be taken once D is formed completely. By the Time we would wait and watch. Lets see if Potential Reversal Zone is formed. Not a Financial Advice just DYOR
Here is our detailed technical review for AUDCAD. Time Frame: 30m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.904. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.902 level soon. P.S Overbought describes a period...
Hello traders, we want to check the AUDCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.89800. Good luck