H4 - Bearish trend pattern Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
H1 - Bearish trend pattern Strong bearish momentum Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
H1 - Bearish trend pattern. Lower lows. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Hello Traders, Hope you all are doing good!! I expect AUDCAD to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. ...
Market is in overall downtrend, but in 1h timeframe market started a correction upwards and broke corrections structure downwards, now we are waiting for a price fall till POC level. Entry: 0.89949 (Point of structure break) Invalidation: 0.90140 Target: 0.89491 (POC)
When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions...
AUDCAD looks bearish on the weekly and daily time-frame. I'd expect a retest of the marked zone then a push to the downside. Use your strategy for entry. Thoughts?
Bearish structure has been forming with lower lows and the lower highs. Also, we see the fib retracement touching the 38.2 level.
As we transitioned to the month of December, price failed to breach a previous high at a structural level. Daily TF will be attached below, but we're seeing price continued to hold resisted. This particular recent level provided a rejection signal that price was unable to sustain when it attempted to trade higher. Bit of illiquidity going on as bids quickly...
This pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as...
I published an idea previously, check it out here: Unfortunately, my previous idea did not hold up. But that's okay, we take smaller risks for multiple times the return. This is a second attempt to short into this pair. 1. 0.9125 marks a relative high point. You can see a fake out that occurred where price broke above this level and then instantly sold off....
I've been eyeing this pair for a while now. In fact, I actually do have a short position that was entered a little pre-mature. Divergence is most noticeable on the 4-hour timeframe. The RSI is painting a ratio of greater average down moves yet price is creeping higher. Price is also being held resisted at the 0.8980-ish mark. Given the number of times it...
We've seen over the years how strong of a support level 0.91-0.915 has been in rejecting price and setting up long opportunities. It's been broken and has continually been touching this price point yet this time as a resistance, being unable to surpass it. I'm looking for price to extend a bit further towards 0.915 area before entering to setup the RSI which is...