AUDCAD
A hammer driveThe hammer candlestick changed the market structure and unswervingly pushed up, experienced a pullback to the order block while correcting the inefficiency then continued to create the 0.91048 high. Price then dropped and mitigated the imbalance which then made a pullback to the order block. A retest occurred in a form of three candlesticks followed by a bullish engulfing candlestick, this is an indication that price is more likely to drop drop to the demand zone…
AUDCAD BREAKOUT AND REVERSALFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
AUD/CAD Will Explode! BUY!
My dear followers ,
Please, find my technical outlook for AUD/CAD below:
The price is coiling around a solid key level - 0.90577
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Target - 0.91130
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
AUDCAD Is Going Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.905.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.912 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCAD - Bullish Trend - 1H Time FrameBased on the chart, we can observe that it is showing higher highs (HHs) and higher lows (HLs), indicating a bullish trend. The Relative Strength Index (RSI) does not indicate any divergence currently.
We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows:
Trade Long
Buy Stop = 0.90807
Stop Loss = 0.90367
Lot Size = 0.25
Take Profit 1 = 0.91232
Take Profit 2 = 0.91676
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.
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 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…
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.