AUDCAD
Audcad likely more downside
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AUDCAD Potential UpsidesHey Traders, AUDCAD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend around 0.89600 support and resistance zone. if bulls are confirmed i would set 0.91300 as a target as it's considered the next major resistance AUDCAD will be facing. i would also like to put an eye on the stock market since stocks trade in a positive correlation with the AUDCAD pair.
Trade safe, Joe.
TRADE UPDATE: AUD/CAD is below the 200MA and showing downside AUD/CAD trade update is still underway. It's looking good since it broke below the neckline of the Head and Shoulders
It's been a long hold, but now that the price has broken below the 200MA means, we can see some traction to the downside.
21>7 - Bearish
Price>200 - Bullish
RSI <50 Bearish div
Target remains 0.8735
SMC:
With the Buy Side Liquidity Order Block, it shows that Smart Money indeed swept the buy orders by selling into them showing they wanted to increase the supply (selling pressure).
These all indicate we are on the right side, despite the positive sentiments coming from the stock markets worldwide.
AUDCAD, Any spike is an opportonity to shortAUDCAD / 4H
Hello trading, welcome back to another market breakodown.
AUDCAD is trading in a down trend, now the price is in inside a channel. Channels are more likely to break to the opposite side. However, until that happens, this is still valid.
Trade safely,
Trader leo.
Unique Combo Trade!Probably a trade that has a 20:1 Reward: Risk trading setup.
On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns.
If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take up to 2 months or a month.
Furthermore, we might have more stop-out then hitting the target in 1 U-Turn, so it is NOT a trade for traders who won't afford to have their trade stop out multiple times and still looking for buying opportunities.
If you are thinking of risking more than you usually do; or you plan to follow the trade blindly; or even worst, not putting your stop-loss, this is not the trade for you.
As a full-time trader, I've been very patient to look for the trade that suits my profile and the trade I'm planning.
I couldn't stress any more by saying trading is more like a business than a job. It is not the number of deals you do, but the 1 you chose to take and the 1 you chose not to participate.
AUDCAD: Selling is the best option on this Channel Down.AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any upward movement on the long term.
We remain sellers on this pair, targeting S2 (TP = 0.89500).
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AUD/CAD continue with the Uptrend ☝️On AUD/CAD is nice to see strong buying reaction from the price 0.9015 , 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...
Strong volume area + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
Strong resistance level and trendline ahead for AUDCADThe AUDCAD opened this week below the wedge pattern, but quickly closed above it, indicating a desire for the price to move up. However, it needed to retest the strong resistance level at 0.905, which coincidentally is also where it meets a descending trendline, the upper edge of the wedge pattern, and the 23.6% Fibonacci level. Based on my analysis, this could be the start of an upward channel with a target of 0.915 where it meets another ascending trendline.
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ADUCAD I Short-term short from resistance 40-50 pipsWelcome back! Let me know your thoughts in the comments!
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AUDCAD Break out and potential retraceHey Traders, AUDCAD was trading in a downtrend but then successfully managed to break out the trend and seems to be in a correction phase. if we get a decent pullback i will be monitoring a potential retrace of the trend around 0.908 support and resistance zone. keep an eye on american indices too as they do correlate positively with the AUDCAD pair
Trade safe, Joe.
audcadAs you can see, the price reacted to the ceiling of the monthly channel and after falling in the weekly channel, it left the channel and retested the ceiling of the monthly channel and did not have the strength to break the channel and entered the weekly channel again through the daily channel and we expect Let the price hit the ceiling of the 4-hour channel once again and have a sale transaction to the floor of the daily channel
AUDCAD Technical Analysis and Trade IdeaIn this video, we take a close look at the AUDCAD. We can see that it has traded into a significant resistance level. Below, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially attract bigger players. During the video, we discuss the AUDCAD trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity.
AUDCAD - 4hrs ( Sell Trada Target Range 280 PIP )💲Pair Name : AUD/CAD
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ↘️ Short )
Type : Mid Term Swing
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🔰Bearish Reversal
0.91100 Area
Reasons
🔘- Major Turn level
🔘- Visible Range Lvn
🔘- Pattern Break
🔘- M / Low Area
🔘- Fixed Range Poc
🔰Bullish Reversal
0.88100 Area
Reasons
🔘- Major Turn level
🔘- Major channel Middle Band
🔘- Visible Range lvn
🔘- SMC Area
🔘- Fibo Golden Area
AUDCAD - 12hrs ( Down + 60 PIP / Tp 1 > Full Tp 250 PIP ) Pair Name : AUD/CAD
📉Time Frame : 12hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Short
➕ Educational
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🔰 Update - VIP Opportunity
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🔰 Down + 60 PIP.
Target Hit ( 1 )
Account Growth 7.5 %
Liquidity piercingThe shooting star candlestick made a huge liquidity piercing and dragged the price down to mitigate the inner demand zone which pushed made a contraction that respected the breaker. The breaker block led price to decline even more to break the structure and create divergence. The divergence pushed up and mitigated the supply zone to give us the stunning opportunity to sell all the way to both 1h and 4h liquidity pools. After the 1h liquidity sweep, price made a short pullback to wick that got broken and continued to go bearish to hit the target. Price pierced the 4h liquidity pool way too much than expected, but we still have a possibility of going bullish because we have more like a falling wedge and price just made a third touch to complete the three drives pattern, we have a doji candlestick as the current one, this good be the strong beginning of a bullish market…
AUDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/CAD Trading Opportunity! SELL!
My Dear Friends ,
I analysed this chart on AUD/CAD, and concluded the following:
The asset is approaching an important pivot point 0.90371
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal -0.89800
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK