Market entry: Long position on AUDCAD Market entry on AUDCAD for a Long position.
Stop Loss below the trend line.
AUDCAD
AUDCAD: Bullish Reversal Confirmed?! 🇦🇺🇨🇦
AUDCAD reached a very important zone of confluence this week:
we see a perfect match between a key horizontal daily support and 618 retracement of the major bullish impulse.
The price formed a double bottom pattern on that and violated its neckline.
It looks like the market may go higher.
Goals: 0.9118 / 0.92
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AUD-CAD Breakout Long! Buy!
Hello,Traders!
AUD-CAD broke the
Resistance cluster of the
Falling and horizontal level of 0.905
And the breakout is confirmed
Because the 8H candle closed
Above the cluster so now
I am bullish biased
And I think that the pair
Will go higher up
Buy!
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Check out other forecasts below too!
AUDCAD - Bullish Trend - 1H Time FrameBased on the current price chart, it appears that the market is forming a bullish trend, as evidenced by the presence of higher highs (HHs) and higher lows (HLs). Additionally, there is currently no divergence showing on the Relative Strength Index (RSI).
As a result of this analysis, we will take a long trade with a 1:1 risk/reward ratio.
Trade Long
Buy Stop = .90749
Stop Loss = 0.90188
Lot Size = 0.19
Take Profit 1 = 0.9131
Take Profit 2 = 0.91871
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Aggressive Trader could considerIf you are an Aggressive Trader, you may consider shorting the AUDCAD on the 1-hour chart at a market price of 0.9044.
Conservative trader might want to wait for a 3-bar reversal or a retest at 0.9055 on the 4-hourly chart based of the retest of previous resistance and of a sideway bounce trading setup.
AUDCAD bullish continuation expected for next periods
Hi viewers, AUDCAD in last days bullish trend we are can see, currently price on zone, here break expecting and bullish continuation for next periods
TP1:0.91200 (85)
TP2:0.91600 (125)
TP3:0.91900 (155)
AUDCAD | could be a good sell ladsHey everyone
Although the 1-4 moving averages are at the bottom showing bull pressure, higher timeframes are likely to react and push the market back down, strong down-trend on the daily, also 200 moving average on the daily, showing maybe a push exhaustion cycle.
AUD/CAD Is Giving Us The Perfect Sell Setup very Soon AUD/CAD Is Giving Us The Perfect Sell Setup very Soon
AUDCAD SELLAUDCAD is looking so beautiful on the daily TF we are expecting to see price pull back into the neck line 0.90871 before expecting a massive sell to our support level 0.86873 pips target on this trade is 300 pips plus we wait patiently for price confirmation, drop a comment on what you guys think about AUDCAD
AUDCAD Approaching Key Resistance with Potential for DowntrendThe AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence.
Unless a new higher high is formed, the market appears poised for a sizeable downward move.
Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
Supply to be mitigatedAUDCAD
This pair had a lot of potential the previous week, but with this jigsaw candlestick failed to tap into the supply zone. This missed opportunity reduced all the way down and it is now within the significant area. This current scenario has also created the divergence idea, looking for price to go bullish and fill in the fair value gap. The main focus is the anticipated pullback for us to activate buys and go bullish, still have a positive hunch that the supply zone has to be mitigated…
AUDCADMy bias on AUDCAD is to the downside, any retracement you see is an opportunity for you to look for bearish set-up
AUDCAD Potential UpsidesHey Traders, in the coming week we are monitoring AUDCAD for a buying opportunity around 0.895 zone, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is testing the trend at 0.89500 support and resistance zone. I would also keep an eye on indices as the stock market does correlate positively with the AUDCAD pair.
Trade safe, Joe.
4hr Pullback Short1) This pair has just pushed down and broken into new lows/highs. We now have a pullback followed by a swing engulfing candle. That makes this a valid example of The Pullback strategy.
PAIR: AUDCAD
Entry - 0.90151
Stop - 0.90469
Position 1 - TP @ 1:1
Position 2 - ?
AUDCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here I expect price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 0.89000. My target is buy stop liquidity.
Fundamental analysis: Tomorrow we have news event on AUD, will be released monthly Unemployment Rate. If the result is lower than forecasted it means strength of AUD which will support our move.
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AUDCAD Short PositionMomentum is downwards , if it breaks .89481 and goes close below that then next level is near next support zone. RRR 1:6
AUDCAD MAKES HARMONIC PATTERN ABCD AUDCAD MAKES HARMONIC PATTERN ABCD
At the B we entred as a sell stop and draw projection at D for Tp and the point of D we are waiting and watch for RSI Divergence and makes some buy
✅TS ❕ AUDCAD: reached the support✅✅ AUDCAD reached the support level.
Volatility has decreased.
The price may reverse from the current level. ✅
🚀 BUY scenario: long to 0.9035 🚀
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Remember, there is no place for luck in trading - only strategy!
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📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: Sellers are applying significant pressure on the price, as it trends below the MA's on HTF. Additionally, a daily candlestick pattern is currently forming and it appears to be a bearish engulfing candlestick. Meanwhile, on the 4-hour chart, the price is showing signs of aiming to break into a new low, further confirming a bearish bias.
🎯 For an ideal entry: To confirm your entry, it may be best to wait for a 4-hour candlestick closure. Once confirmed, you could potentially set your levels on the HTF previous bottom as a profit target.
AUDCAD Weekly Timeframe I have identified the price range of 0.87300-0.87525 as an area of interest where we may observe a favorable market reaction and potential buying opportunities.
Internal supplyOrder block mitigation occurred and the shooting star candlestick aggressively dropped the market all the way down to mitigate the demand zone. After the successful mitigation price pushed up, respected the breaker and continued going bearish to make a liquidity wipe out. Price made a retest after the initial sweep. The NFP even affected this pair, but now thing are looking positive, expecting price to appreciate and reach the internal supply zone…
