AUDCAD - BUYAUDCAD made a 3rd touch of a bottom of an ascending channel and correctively formed a flag which it is about to brak
AUDCAD
AUDCAD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The price is coiling around a solid key level - 0.9082
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9099
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDCAD Technical Analysis and Trade IdeaThe AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea.
Remember, trading involves risks, so always manage your risk carefully. And keep in mind that this information is for educational purposes only—it’s not financial advice. 📈👍
AUDCAD | Short H4 | Market Exec | Similar to NZDCADTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe
- Price action is at a Supply Zone and has another Consolidation Zone nearby it
- Price action is at the top of a channel resistance
- Targeting the 50% Fibo retracement
Fundamental Confluences for Trade:
- Same setup as the NZDCAD trade I just posted as well
- AUD has a RBA event risk if this trade is taken
Suggested Trade:
Entry @ Area of Interest 0.9030 - 0.9060
SL @ 0.9093
TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8921
Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP ) Pair Name : AUD/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long After Retest )
Type : Mid Term Swing
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Bullish Reversal
0.90100 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
Bearish Reversal
0.91800
Reasons
- Major Turn level
- Pattern Target / Mid
- Fibo Golden
- Quarter's Area
- Counter Trend
- Fixed / Choch Area
Alikze »» NZDUSD | Ready to break the ceiling of the descendingIn the h4 time frame, it is moving in a descending channel, which is currently supported in the midline of the channel and the green box area, and can continue its growth up to the neckline and the supply area.
💎 Then, with a pullback, it will continue to grow by breaking the channel to the next supply area and filling the FVG gap.
💎 In addition, if the range of the green support box is broken, the alternative scenario can be the continuation of the correction until the bottom of the descending channel.
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AUDCAD:🔴Bearish scenario...!🔴
Hello Traders
As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart.
Now the price is inside a range, creating the double purge scenario for us.
If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation.
💡Wait for the update!
🗓️10/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDCAD: The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident.
We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily resistances, reversal point, and the bearish channel, approximately at 0.9055.
AUDCAD - Already Over-Bought 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCAD has been overall bullish, trading within the rising wedge in red.
At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone.
Moreover, it is retesting a strong resistance zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
📚 As per my trading style:
As #AUDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD : Short Trade , 4hHello 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
AUDCAD Short Trade Setup A #short trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.90717 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.88500 psychological level and possibly testing the strength of the 0.88046 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
AUDCAD Will Collapse! SELL!
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9059 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8998
Recommended Stop Loss - 0.9098
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDCAD: Potential Bearish ShiftAUDCAD printed AB=CD Pattern followed by a bearish divergence on RSI.
Potential Bearish shift is expected. Entry is suggested on the breakout of previous low.
Stop loss on previous high.
TP Levels are suggested based on RRR of 1:1 and 1:2
Alikze »» AUDUSD | Corrective wave of the ascending channel!According to the previous analysis, after correcting to the first green box area and making a buy OB, an uptrend started at the red box area.
💎 But in the 1h time frame, it is moving in an ascending channel, which is currently in the supply zone, which can be determined to be a swing zone or a trading node, which is around the middle of the channel, considering that a candle has created a strong buying demand spike. It is also possible to make corrections.
💎 In addition, in the event of a break in the first correction zone, it can continue until the bottom of the channel and the OB of the rising wave and the explosive start of the recent movement.
💎 If the behavior and structure of the post changes, it will be updated.
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Thanks for your continued support.
Sincerely.❤️
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AUDCAD - Long from trendline ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill that huge imbalance and then to reject from trendline + institutional big figure 0.90000.
Fundamental news: This week on Friday (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency.
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AUDCAD Is Going Down! Sell!
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 of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
AUDCAD ON A MAJOR RESISTANCE ZONEAUDCAD Rallied significantly to the upside and now we are witnessing a revisit back on a major resistance zone. Here we are expecting to see a potential reversal to the downside. On the following highlighted zone we have seen a strong selling pressure on the left earlier when the price meets in this region.
More importantly, the price of the AUDCAD pair has created an expanding channel and the price has created a strong upper boundary which is acting as a major resistance.
AUDCAD Bullish Money Heist Plan on Buy SideMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of AUDCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target🎯.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
AUD-CAD Locally Overbought! sell!
Hello,Traders!
AUD-CAD made a strong
Move up and the pair has
Almost reached a horizontal
Resistance of 0.9066 so
As the pair is overbought
We will be expecting
A local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
✅AUD_CAD WILL GO DOWN|SHORT🔥
✅AUD_CAD is approaching a supply level of 0.9065
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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Alikze »» AUDUSD | Pullback to broken structureIn the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas.
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Thanks for your continued support.
Sincerely.❤️
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AUD/CAD 0.90000! its going to drop (5/3/2024)AUD/CAD FX:AUDCAD has reached the 0.9000 psychological level.
Also, we can see the price is completing an ABC correction.
So today, the CAD data will determine the next move.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
AUDCAD bearish guardThe 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
