AUDCAD SHORT Looking for shorts on this pair from the box region shown, wait for a rejection candle stick formation on the daily top take a short all the way down to the -61.8%.
420 PIPS RR 7.5/1
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AUDCAD Scalp Trading Plan >M30AUDCAD
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AUDCAD Bearish Sell Offs Again?#AUDCAD has broken an ascending trend line and fallen, creating a new lower low. If price can reject my zone, I will be looking for long-term selloffs. The potential sell target price is 0.91000
If price breaks the zone to the upside, a re-evaluation will need to be done. But, until then, sells are looking like the best option.
AUDCAD HUGE BREAKOUT OPPORTUNITYAUDCAD HAS BEEN TRAVELLING IN A VERY LARGE ASCENDING CHANNEL RECENTLY, IT HAS JUST RECENTLY BROKE OUT BELOW IT, WE ARE EXPECTING PRICE TO COME BACK UP TO RETEST THE CHANNEL AND THEN DROP TO THE -0.27 EXTENSION, SIMILAR TO THE OTHER AUD PAIRS....
(THE RETEST MAY NOT BE VISIBLE ON THE DAILY CHART)
AUDCAD - LARGE CHANNEL TOUCHED (LONG)AUDCAD was travelling within a descending channel on the Daily chart for a long time until price broke out to the upside and formed an ascending channel which is marked out with the black lines.
Price is now at the bottom of the channel and it has also formed a doji candle, this indicates a reversal in price to the top of the channel. We will keep you updated on price action as this trade plays out. The target and Stop Loss is marked out on the chart
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
AUDCAD 100 PIP SHORT AUD CAD HAS BEEN TRAVELLING IN A VERY MAJOR DESCENDING CHANNEL WHICH CAN BE SEENN MORE ON THE WEEKLY AND MONTHLY CHART. (BLUE CHANNEL)
The most recent test on this channel that we just seen was at the top of the channel, on its rally down towards the bottom of the channel price has formed another descending channel marked out in black.
All support and resistance zones are marked out above on the chart, we have literally just seen a test of the top of the channel which indicates a short all the way down to the bottom of the black channel. targets are market out on the analysis
PURPLE RAYS ARE OUR CLOSER SHORT TERM TARGETS
AUDCAD - GOOD TRADE SETUP, WATCH OUTTRY NOT TO MISS THIS ONE
LOOKING GOOD. I AM EXPECTING THE BEARS TO TAKE OVER. MACD, IS SETTING UP A NICE CONFLUENCE ALSO, AND BREAKING THE TREND LINE WOULD MORE THAN NOT DROP DOWN
See previous analysis
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AUD/CAD - Bearish OpportunityAUD/CAD is currently weak and is unable to push back up.
As long as it's able to hold under the 4H 50 EMA, the bearish move down is a go.
Trade safe.
AUDCAD - 100 Pips Short PossibilityAUDCAD. AUD has not fallen against CAD while it has fallen against other currencies.
It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken.
*Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell.
Happy trading.
AUD/CAD - 2 scenario's for the next few daysPossible short trade in the next few days.
First target: 0.96500
Second target: 0.95500
We might see a pullback from the first profit target to the resistance level of 0.97700.
Goodluck trading and follow me for more analysis!
AUDCAD Hits the monthly support line!AUDCAD Hits the monthly support line. wait for the confirmation before going long. but it can go either way if it bounces back it will go up or it may break that support line as well and go to the downside.
AUDCAD short for the weeki am looking for a breakout from the red line down and i
will look to enter then.
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Short-term long opportunity on AUDCADCurrently there is a wedge forming on the daily chart of AUDCAD, with price interacting a fair amount recently at a support zone and accepting it. Also identified a longer time triangle that is now coming into play as a result of the upwards trend line, and acts as a double confirmation point on the daily chart. Aiming to see a push up towards the 0.985 mark before encountering a significant amount of resistance.
Go Long on AUDCAD Longterm Based on 1H, 4H + 1D ChartsSorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon.
30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over.
Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018.
Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade.
Have moved Stop Loss up to now 1.00094
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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AUDCAD Possible double top and BAT pattern formation on the Dail
I entered short here, as I think the market has formed a double top it's an aggressive entry for some as many would wait for a break of the neck (base) line, but looking left I can see that the market has respected this level many times in past price actions.
We also have a strong RSI divergence.
ALso if the market wat to drop to the 0.96961 we'd have a BAT formation, but this is in the cloud right for now, right now I'm short with a target just above the 0.382 retracement. The market could experience strong support in the zone circled in blue, or could also carry on a trend continuation, but I do think double top. Let's see.
