AUDCAD
AUD/CAD Trading Opportunity! SELL!
My dear friends ,
My technical analysis for AUD/CAD is below:
The market is trading on 0.87266 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.86830
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
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments!
** USDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUD CAD LONGRIsky Trade which is against the trend.
Risk 0.5%
TP1 = 1:5 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
AUDCAD Short idea I like the bearish momentum we have seen leaving 0.8850 from midnight NY time. We had a pause and consolidation around 0.8820 right before another drop. I would like to see the price gravitate under 0.8780 and under Friday's low for Sell Stops for liquidity and if it is moving fast I would like 0.8750 as well.
AUD/CAD SHORT TRADE H4 SETUPI went short on this pair following a specific candlestick pattern and a support/resistance zone on the H4 timeframe.
I identified an engulfing candlestick pattern on the 4-hour chart, suggesting a potential change in market direction in favor of my short trade.
Furthermore, I noticed that the price has returned within a box that previously acted as both support and resistance. This led me to believe that the market might continue its bearish trend.
Here are my entry point, stop loss (SL), and take profit (TP) levels:
Entry point (short): 0.8820.
Stop loss (SL): 0.8881.
Take profit (TP): 0.8715.
This is just one of my trading strategies based on candlestick analysis and support/resistance levels. However, the market is always unpredictable, and trades involve risks. I maintain a strict risk management approach and am ready to adjust my stop loss and take profit as the trade evolves.
Please note that this information is provided for educational purposes only and does not constitute investment or trading advice. I encourage you to conduct further analysis and make informed decisions based on your financial situation and trading experience.
AUDCAD Analysis 31July2023Upon examination of the bearish channel formed a few months ago, there appears to be a flag pattern in the current price which could indicate a possible reversal. It is expected that prices will remain within a narrow range in the coming weeks. With this analysis, we can pursue scalping with a relatively low level of risk.
AUDCAD Buy Setup: Near Perfect Storm for Profits Ahead!Greetings everyone,
The AUDCAD pair presents a compelling buy opportunity, as indicated by the strong bearish pressure. This is reflected by the candlesticks' positioning under all four moving averages. Confirming our analysis, the overall market trend, as evidenced across various timeframes, aligns favorably with this trade.
To further validate our entry, we advise seeking specific bearish candlestick patterns, including the Hanging Man, Shooting Star, or Bearish Engulfing. These patterns should be identifiable on a minimum timeframe of 15 minutes, with a preference for 1-hour confirmations.
Given these parameters, we're confident in recommending a short position on the AUDCAD. As always, exercise prudent risk management in all trading decisions.
Sideway Consolidation, Perfect for Counter-Trend Traders!📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈
👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the one-hour chart shows a new low, great for shorting.
📈 Weekly potential shark pattern at 0.8704, and daily shark pattern at 0.8728, hint at a close-range longer-term buying opportunity. Don't miss the ABCD pattern on the left—amazing trading opportunities await!
🦋 Butterfly traders watch for completion at 0.8730 on the four-hour chart. Focus on repeated levels for the best returns.
💡Want to spot opportunities like a pro in just 15 mins a day? Scan the QR code and join our community of like-minded traders!
🔍 Different trading strategies point to the same level, making it a key focus for buying opportunities. But don't disregard shorting opportunities—be cautious around 0.8730.
📈 Follow me on my only account @raynlim for insightful analysis and updates. Let's trade smarter together! 💹📈
EURCAD I Long from trend line supportWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89500 zone, AUDCAD was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.89500 support and resistance zone.
Trade safe, Joe.