AUDCADBased on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a strong upward movement in price, presenting a favorable entry point for buyers. However, it's crucial to implement proper risk management strategies and confirm signals with additional indicators before entering the trade.
Audcaddaily
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
20 REASONS FOR LONG AUDCAD MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low
Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area
Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high
SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100
1 Structure analysis time frame: D1 up trend
2 target time frame: D1
3 Current Move: impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: bullish
4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead
5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact
6 FIB: Almost done trigger event
7-candle Pattern: shrinking Pattern
8 Chart Pattern: double top
9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg
10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60
11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence
12-strength ADX: uptrend is in strength
13 Sentiment ROC: AUD is weaker than CAD
14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view
15: decision: buy now, and 2nd entry buy at retracement
16 Entry: 0.8927
17 Stop losel: 0.8915
18 Take profit: 0.9090
19 Risk to reward Ratio:1:9
20 Excepted Duration:5 days
AUDCAD | Might get a Sell Opportunity.When it comes to the technical analysis of AUDCAD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area. And also don't forget to place the stop just above the entry area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCAD | Good Sell Opportunity.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 would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCAD 1D Analysis & Trading StrategyHello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
TELEGRAM : in description ( we will start on January 17, 2022 )
AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy.
we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it.
in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart.
we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did.
so from this point, we are expecting the price will reject this area after the backtest and going up.
moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD.
TRUST THE PROCESS
#EG-Finance
AUDCAD short opportunity We can see a W formation on the weekly chart and we can expect the market to go and test the neckline of W formation.
AUDCAD is very bullish right now. So, we want to see AUDCAD reverse and make a retracement before continuing further.
But, from the daily chart, we can see AUDCAD breaking the 0.95750 resistance level and making a higher high. So, not a good time to take a short. If we are to take a short we have to see the market shift first from bullish to bearish in the daily chart.
AUD/CAD Wave Analysis The counter has made a strong move from the low of 0.80 handle to 0.93 handle in just 3 months.
The move could be attributed to a 5-wave pattern and it is now in corrective mode.
It has completed waves A and B is going to kickstart wave C.
The resistance zone around 0.93 handle proves to be a tough nut for the pair despite trying to take it down thrice.
It makes a price action imminent and hence, we expect the pair to be bearish in the short-term.
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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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