we can see price pushing up further than the last major primary high. Im expecting a possible liquidity sweep and then a reaction from a 1 hour demand zone. Eventually, if fundamentals continue, we could see a further push up into the large imbalance. ✅So a brief checklist: 1- Now reaching a major previous high 2- possible liquidity sweep 3- looking for price...
AUDCAD has formad a double top with divergence which indicated a reversal pattern.
AUDCAD: new price level -Inversed HnS Pattern. -Key level resistence change to support.
The 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,...
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...
AUDCAD can go up, will keep the tight SL, keep an eye on the corrective move.
AUDCAD is currently reversing trend, trade can be executed as it broke trend line .
AUDCAD has been rejected at the daily resistance level forming a Double Top/ with a 4h Divergence. Sell Stops can be placed at the Neckline. Sentiments also indicate for a reversal
H4 PRICE BIAS is bullish. As price is heading higher. H1 TF, price will pull back into the horizontal level that was tested multiple times. Set a long trade at the horizontal level with SL below the h1 swing low. Targeting Daily swing high. Basic break and retest strategy
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...
AUDCAD in bullish making new HH and HL, most likely will stay bullish and make a new HH
AUDCAD is trading at the bottom of a bullish trend ! so , i believe that bulls will take the market back and will push it up again !
Technical 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...
AUDCAD made a 3rd touch of a bottom of an ascending channel and correctively formed a flag which it is about to brak
AUDCAD bullish scenario. buy trend continuation after liquidity
Looking from above, on the Daily it is a bullish flag. On the 1H we are in the low portion of a Range pattern with high volume (resistance for lower prices) @ the bottom with many wicks also on the individual candle bottoms. Entry @ .90290 Stop 1 taking 50% off @ top of the range .90560 Risk/Reward 1.15 Stop 1 remaining 50% off @ .90960 Risk/Reward...
AUD is still showing more bullish signs against other pairs. We just broke a pattern and retested it as well as respecting our fair value gap. Check the 15m timeframe for bullish patterns.