AUDCAD
✅AUD_CAD LOCAL SHORT🔥
✅AUD_CAD has hit a key structure level of 0.91
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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One last SHOT!!If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern.
If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths)
There are a couple of attempts, and not all went to loss, it fact I'm pretty profitable with these trading ideas when I didn't get what I want.
This is probably the last or the last is near for these trading ideas to work.
I'd engaged the bullish bat pattern on the 4-hourly chart and see if it able to take me to my final target for the 5-0 patterns and beyond.
AudCad to break under supportSince the recent high at 0.95, AudCad has started a clear downtrend and in the past trading month, the pair is consolidating losses above important support from the 0.89 zone.
Pressure is on the sell side and I expect this support to be broken.
In conclusion, rallies above 0.9 should be sold and the target for swing traders could be 0.8750 zone support.
A daily close above recent resistance would negate this scenario
GBPCAD I Potential long channel support
Welcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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AUDCAD Signal 16May2023I've been waiting for this pair for the last 1 week, and soon I'm sure AUDCAD will have significant movement. If you see a bullish candle that is slowly being beaten by a bearish candle by forming a compression vase, there is a big enough possibility that the price will go down first to take liquidity below forming a false break, then the price will continue to be bullish
AUDCAD: What a Pattern! 🇦🇺🇨🇦
Update for my yesterday's post for AUDCAD.
The pair retested the broken neckline of a triangle on a daily.
And you know what. Retesting that, it formed the same tiny little triangle on 1H time frame and broke its neckline as well.
It gives a strong intraday confirmation.
The pair will most likely keep falling to 0.8977
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AUDCAD: Bearish Setup Explained 🇦🇺🇨🇦
AUDCAD is trading in a wide horizontal trading range on a daily.
Approaching its upper boundary, the price formed a descending triangle formation.
Its neckline was broken last week.
I explain a bearish movement to 0.896 level.
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Unveiling the Ultimate Trading Setup of the Week: Don't Miss OutAs some of you may recall, I've been seeking a buying opportunity on the AUDCAD for the past few weeks. My motivation for this is the Bullish 5-0 pattern setup that has formed on the Weekly Chart. I've been exploring various avenues to enter into this buying opportunity, and currently, two options are available.
Firstly, we can wait for a candlestick pattern trading setup to appear on the Bullish Gartley Pattern for a buying opportunity (left). Alternatively, a Bullish Deep Gartley Pattern on the 8 range bar chart (bottom right) could provide the trading setup for us to engage the trade.
AUDCAD potential 140 pips! AUD pairs skyrocketed Tuesday after the interest rate decision.
AUDCAD pair broke a key resistance and is currently trading above it, closing above it 0.9106 (double bottom neckline) confirms the chart pattern and takes us to test the next supply area between 0.92102 and 0.92167.
AUDCAD Long, from Order Block and Fib 0.618%Price has taken liquidity on 4H at 0.89492 and made a Order Block zone (0.83659) at Sell side liquidity and had a huge up move, created an order block (0.89808) within the FIB Golden Zone ( 0.618%), so waiting for the price to make a REVERSAL pattern on the lower timeframe within Order block zone.
🔴 #EURUSD : Ready for Another Drop ?Examining the Euro/Dollar chart in the 4-hour time frame, we can see that the price started a strong downward movement today and was able to trade again to close to 1.10, the possibility of a further price drop is high and its first target can be in the range of 1.09670 to 1.09760! In this zone, if you see a suitable trigger, you can look for a scalp position in the direction of BUY!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.08.2023
⚠️(DYOR)
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AUDCAD Short position in new range zoneOANDA:AUDCAD AUDCAD Pulled back to range zone. We should look for short positions.
🟥Please Pay attention🟥
*If you have any idea please write in the comments.💛
*Please do a research first and then open a position( Not just by my analysis )🧐
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AUD/CAD continue with the Uptrend ☝️On AUD/CAD is nice to see strong buying reaction from the price 0.89850 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
EURCAD I It will retest near neckline of double topWelcome 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.
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The Reason Behind My Strong Inclination to Buy AUDCADIf you have been keeping up with my previous analysis, you would have known that my strong interest in buying the AUDCAD is not a crazy obsession, but a well-informed decision based on market trends and patterns.
In fact, if you had engaged in the trade last week, you could have earned a substantial amount of profit, up to 139pips or approximately 1,390 USD per lot .
This week, the market will be testing the 5-0 pattern on the 1-hourly chart for the first time, which could potentially provide another opportunity to hop on this bullish trend.
By identifying the right confirmation pattern, you could take advantage of the Bullish 5-0 Pattern on the weekly chart and not miss out on this trade once again.
Don't underestimate the power of staying informed and being prepared to make strategic moves in the market.
AUDCADIn principle, this pair may continue to rise but at some point it will fall rapidly to fill the liquidity vacuum created as has happened in other audxxx pairs. So we are going to leave this sell order programmed with two takeprofits and we will remove it at the end of the afternoon if it is not fulfilled.
Good luck little wizzards.
En principio puede ser que este par siga subiendo pero en algún momento caera con rapidez para llenar ese vacio de liquidez creado como ha pasado en otros pares audxxx. Así que vamos a dejar programada esta orden de venta con dos takeprofits y la quitaremos al acabar la tarde si no se cumple.
Buena suerte, pequeños magos.
AUDCAD Is Going Down! Short!
Here is our detailed technical review for AUDCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.909.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.904 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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