💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
SL= Break below S2
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Aud-cad
💡Don't miss the great buy opportunity in AUDCAD". There is a possibility of temporary retracement to the suggested support line (0.9150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCAD is a short 📉✅Using POW reversal strategy for this trade an AUDCAD short.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
AUD/CAD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ACTIVE..Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
AUD/CAD Daily High & Lows Retest With the levels that I have marked off, Gold being major levels of price that the market had to offer, and the purple box being the range that seems to be forming before another major move. I'm almost certain that we will see a move to the upside to 0.93100 before moving down to 0.91573(AUD/CAD).
good opportunity for long term bullishgood opportunity for long term bullish
first we got nice broken daily downtrend
second we got perfect broken & retest 4H downtrend
third we have new uptrend has been built with nice channel
so we will take the value area as good support for long positions which is K L
Waiting for a buying opportunity with AUDCADH4 time frame.
Structure: Uptrend.
AUDCAD broke the 0.92000 resistance.
Wait for the price to return to the 0.92000 retest area and appear a bullish pattern that can find buying opportunities.
Profit target is 0.93000 zone.
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Wish you all have a good trading day!
AUDCADBullish Indicators:
Support zone at 0.90940
Bearish Indicators:
Resistance zone at 0.92023 Fib level 38.20%
Plan A: One can take long position on the breaking of resistance zone at 0.92023 for the target of 0.92689 and 0.93163.
Plan B: On the breaking of support zone at 0.90940 one can take short position for the target of 0.90658.
AUDCAD - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AUDCAD is sitting around a daily support zone so we will be looking for buy setups on lower timeframes.
on H1: AUDCAD formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to take over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, AUDCAD would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD MULTI-MONTH REVERSAL!!!The double bottom pattern consists of two lows around the same level of support and indicates a possible bullish reversal signal.
Price is also resting at a key level of support and resistance
Once those levels of support or resistance are broken, the supply and demand dynamics which produced them are shifted
Support is the amount of demand that is strong enough to prevent the stock from dropping any further.
The level at which supply is strong enough to prevent the price from rising is referred to as resistance.
Looking at the trade setup at the current levels the market is showing a low risk entry relative to our upside targets on the daily time frame
We are also seeing slight bullish divergence on the RSI on the double bottom pattern
Like for more and let me know what you think
AUDCAD will break the support ? 🦐AUDCAD after our last analysis reached as expected the weekly support.
The price is now testing the structure and another test can be seen.
According to Plancton's strategy if the market will break and close below we can set a nice short order following the ACADEMY rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Wait for a buying opportunity with AUDCADH4 time frame.
Structure: Downtrend.
After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared.
Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities.
The profit target is the 0.92700 zone.
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Wish you all have a good trading day!
AUD/CAD: Price continue to falling like predict..waiting target.Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
AUDCAD for a lower low 🦐AUDCAD on the 4h chart is creating a descending wave.
The price after the perfect retest of the previous support now turned resistance is looking for a new recent low.
According to Plancton's strategy if the market will break below and satisfy the ACADEMY rules we will set a nice short order.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDCAD - TRADE ANALYSISAUDCAD - On a bigger time frame it's trying to form a support zone and chances of reversal is there as per the chart patterns.
My approach will be a buy here at current price 0.91700
Potential upside target is mentioned in the chart as well, The figures are ;
Traget 1 : 0.92350
Traget 2 : 0.92950
Maintain stop loss around 0.91100
Follow the levels as mentioned above. Good luck :)
AUDCAD potential bearish momentum | 1st OctPrice is currently trading in a descending trend line . We see a potential sell entry at 0.91854 which is in line with our Fibonacci Retracement level of 50%. Price can potentially head towards its take profit level of 0.9134 which is in line with our Fibonacci extension level of 88%. Alternatively, our stop loss level is placed at 0.9062 which is the resistance of the trend line and in line with our Fibonacci extension level of 78.6% and Fibonacci retracement level of 38.2%. Our bearish bias is further supported by the ichimoku cloud indicator.
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Audcad Buy Good afternoon All,
Hope you are all enjoying this weeks trades. To close the week, I want to share with you all this opportunity that we will be looking to take advantage of come Monday. An Inverse H&S pattern is forming on the D1 chart and with anticipation of bearish oil, this is one trade i would definitely be looking to take advantage of.
Entry and sl marked.
As always, comments, Likes, shares and welcome.
Many Thanks