Get started

Audcadanalysis

20 Reasons for sell AUDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is bearish, and a doji bearish candle confirms the readiness for another impulsive move. There is no significant support until the target area, indicating the potential for a larger downward move in the coming years. 2:📆Monthly: A clear bearish impulse move is forming on the monthly timeframe, with the first pullback already completed. This suggests a strong downside move in the next few months, and there is also a triangle pattern present. 3:📅Weekly: The bearish structure continues on the weekly timeframe, with an inducement already completed. Price is following its downward trajectory, and another impulsive move towards both medium and larger targets is expected. 4:🕛Daily: Price is currently consolidating and has formed a spring with a high volume spike. There is a high likelihood of price retracing back to unmitigated Fair Value and Order Block areas before resuming its downward move. Sell entries are observed from higher areas. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Breakout from a triple bottom pattern or a bearish liquidity sweep. 7: 3 Volume: High volume at the breakout, and the retracement is already completed, suggesting further downside. 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways momentum. 9: 5 Volatility measure Bollinger bands: Price is currently at the lower band, indicating potential further downside movement. 10: 6 Strength ADX: Sideways strength. 11: 7 Sentiment ROC: AUD is weaker than CAD. ✔️ Entry Time Frame: H1 12: Entry TF Structure: Currently in a consolidation phase, waiting for a trigger event or breakout confirmation. 13: Entry Move: Impulsive move. 14: Support Resistance Base: Consider previous inducement and sweep areas as potential support and resistance levels. 15: FIB: Trendline breakout confirmation is awaited. ☑️ final comments: Sell at trendline breakout. 16: 💡decision: Sell. 17: 🚀Entry: 0.8964 18: ✋Stop Loss: 0.9005 19: 🎯Take Profit: 0.8843 20: 😊Risk to Reward Ratio: 2:3 🕛 Expected Duration: 5 days
Short
by Optimum369
Market structurePrice has been moving in a corrective manner to the downside, structures were broken and the continued with this corrective bearish move until the 0.89255 low which also created a demand zone. The the market pushed aggressively up and nicely mitigated the 4h order block. The market started to significantly decrease, hence we have this current scenario. The idea here is for price to continue dropping and mitigate the demand zone which will provide a nice opportunity for buyers…
by tokelohomi
1
AUDCAD Technical Analysis and Trade IdeaThis video examines the #AUDCAD currency pair and observes that it is beginning to trend downwards. However, entering the market at the current level may not be the best option. Instead, we are seeking a retracement upwards towards the resistance level, which could present a potential opportunity for a short position. It's important to note that the video explains everything in detail and is not intended as financial advice.
Short
by fxtraderanthony
DeGRAM | AUDCAD breaking the psychological level at 0.9000 AUDCAD is testing psychological level at 0.9000 The market bounced off the confluence level, the fibo 50% level, and the resistance level. Price action is likely to move down from the kill zone since we have a bearish trend. We expect a breakout of the psychological level, followed by a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
DeGRAM | AUDCAD sell pullback AUDCAD is pulling back to the potential confluence zone, resistance level, and golden ratio of 61.8%. The market is printing small candles, which means bulls are running out of steam. Price action is likely to move down from the kill zone since we have a bearish trend and the current bullish move is just a pullback. We expect a sharp move down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
8
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD