AUDCAD in resistance zone, failed break out? Part 2So the daily candle didn't really play out as i hoped it would, was unfortunately not able to create a red body, because that green support held. It broke the red zone, but think it still has potential because it didn't really break up either. Think for now the green zone around 0.890 might be the key level short term, that level might decide whether i am right about the potential bull trap or not. So giving it a little bit more room to play out, think today's high as a max. If it breaks, i will get out and then wait for things to become clear. Also going to wait with with increasing, things are not running in my favor yet.
Previous analysis:
Aud-cad
AUDCAD Price just stopped on the .618 This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUDCAD - SWING - 20. APR. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Very bullish market structure slowed down.
4 HOUR
PA waving slowly, expecting a small push to the downside.
DAILY
Overall very bullish market at resistance, good short entries!
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.89140
SL @ 0.89620
TP @ 0.88450
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDCAD CLOSE TO ITS RESISTANCE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is close to its resistance it will fall down as per our analysis.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AUDCAD What to Look Out For Going After the WeekendThe price is oscillating here between a zone of support and a zone of resistance. Going into the weekend these are the most important areas to look out for.
We can see that the price bound off the 0.5 fib level just now with a really strong green candle. In general there seems to be an upward move happening on AUDCAD with a small slowdown in the last few days.
I will give a bullish advice here, and expect that after a small retracement the price will break through the resistance.
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AUDCAD in resistance zone, failed break out?On the right we can see what looks like a failed breakout, that triangle where it broke up from, retested, made a new high but got rejected again. So good chance it was a small bull trap move. On the left we can also see that the daily candle is starting to become a sell signal. If it would drop some more today, and make a red body, it would be a nice sell signal. If it would close below/in the green on the left, that it would be a big sell sign. So at the moment, it could still move up a bit, but it gives great potential at the moment. So i am starting with a small size now and when i see the daily candle get more bearish, i might increase. But, weekend is coming, so it's risky to go overnight with everything that is going on the world.
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SELL AUSCAD IN DESCENDING CHANNELHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair was moving in a descending channel , it has now hit its resistance line and if it fails to break the resistance line ten it will fall back till first support.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
SHORT/SELL/BEARISH AUDCAD#AUDCAD - Tendency: Bearish
Observations:
I - Candle sticks have formed weakness
ii - RSI shows overbought
iii - Price reached a key level at 0.8900
Note:
I - I won't take this trade until i see a more clear reversal signal on the 15min timeframe
ii - If price pullsback and rejects the 0.8800 level and begins to push lower, I will take another sell and the 3 blue lines will be my 3 take profit levels
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AUDCAD Technicaly and Fundamentaly forecast
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💡 AUDCAD technicaly indicators showing we can expect higher bulish market continuation, AUD is have rate cut ago 2 days they are stay on same rate 0.25 because rate is not changed that mean we can expect power for AUD, expecting to see push in price till FIBO 0.7 or till last above white trend line.
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AUDCAD SHORT TRADEAUDCAD broke uptrendline
Pair is based below supply zone at level 0.8690
on short term pair is in downtrend
Below SMA 100 on H1 frame
MACD shows start of bearish momentum
Below HVN at level 0.8558
we r waiting support level 0.8524 to be broken to open short trade
It's expected to target first level 0.8234
then target level 0.8050
Aud/Cad long tp !The Aud/Cad (same as Nzd/Cad) falling down to tp@0.85430(fibonatchi 0.618). Means 1300 pip is ticket profit !
(The market is very turbulent this weeks then get low risk for none us currencies.)
AUDCAD Price is almost at R2 on the 1hr! This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUDCAD Will price continue to drop this week? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!