📌 Potential SELL setup for: AUD/CAD👩🏽💻Technical: The AUDCAD is moving within a daily channel, which seems to show some selling power building up. On the 1-hour chart, there's an M pattern taking shape, but it's not confirmed yet since the neckline isn't fully broken.
🎯 For an ideal entry: I recommend patiently waiting for the price to demonstrate strong selling momentum by fully breaking the neckline. That way, you'll know the chart pattern is valid and ready to be entered. Otherwise, no entry.
AUDCAD
AUDCAD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for AUDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD LongsI'm liking AUDCAD longs for a few reasons. Technical wise we have broken structure and we have a fib at the 61.8 from the swing high to swing low.. Looking at everything from a fundamental standpoint, there is a lot of optimism around the Aussie gaining strength from China reopenings, as well as a Hawkish RBA. Canada on the other hand has decided to pause rates and might continue to do so if the BoC see that inflation is starting to decelerate as well. This trade might take some time as most aussie pairs are slower but overall I like this trade.
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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