DeGRAM | AUDCAD false break at the resistanceAUDCAD made a false break of the resistance level at 0.8950.
Since the market is in a bearish trend on the daily timeframe, we look for selling opportunities.
Price action is going to either consolidate or retest the support level.
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Audcadforecast
DeGRAM | AUDCAD resistanceAUDCAD made a lower low, as we predicted in the previous session.
On the daily timeframe, price action rejected a resistance zone at 0.89000.
We expect the price to retest the support levels.
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AUDCAD possible long for 0.9050#audcad, 4th July daily bar is inside bar range confined within the previous bar range. 5th July coiled bar broker inside bar high closed on the high. both bars are dictating strength ahead. 0.9030, 0.9055 and 0.9090 are resistance levels ahead. my view long for target 0.9050.
DeGRAM | AUDCAD false breakAUDCAD recently made higher lows, meaning bears are running out of steam.
Price action has entered into consolidation until it breaks and closes above 0.8900.
A perfect signal to sell would be a false break with divergence.
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Audcad bull from SupportHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:AUDCAD
We can see a market tested its resistence area in H4 & H1 and now trying to test its support in bigger timeframe.
So we are expecting a little strength near its Support or lower trendline. after this test we will take a Long entry near trendline.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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AUDCAD- Analysis Hello traders,
Hope you are having an amazing day and looking towards a profitable week ahead.
AUDCAD analysis shared with the ETGL group is playing out perfectly, anticipating further push to the downside before we make another rally to the highs.
Although we're approaching the end of the month, the market is likely to be more volatile than other days. However, the bias remains intact.
Looking forward to see how this trade plays out.
Good luck & happy trading.
ETGL TEAM 💛
DeGRAM | AUDCAD selling on retracementAUDCAD is still in a downtrend on higher timeframes.
Price action created a complex pullback.
Currently, it is testing the psychological resistance level 0.91000.
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AUDCAD - Waiting for the LONGAUDCAD has been very kind to us in the past and is now setting up for another gift.
The Weekly has approached a double bottom and there is a little buying activity.
However, we can see from our extensions (green and purple) that a move lower is possible. Price action has smashed through the 1.272 and so we expect it to reach the 1.618 or even the 2.
Keep an eye on this, we may see a bear flag or two along the way.
It may be a little early but we are setting up.......