Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.90600 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area. Trade safe, Joe.
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.
In case of failure, the sales transaction range will be activated! Please be careful!
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...
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 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
AUDCAD in bullish trend expected breakout according to sentiments short play
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
Price has been stuck in range for the past week and is likely to break lower soon. Aussie is bearish across multiple pairs, and I think taking any pair should do well. I would like to see a break of the range and some consolidation before impulsive move lower. If price snaps back into range, then close it, as a retest of the high is possible. Good luck!
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...