Audcadsetup
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AUD/CAD ResistanceAUSSIE CAD is coming up to strong monthly resistance. Good area to look for an entry long or short. The bias is to the upside as its in an uptrend but will wait for confirmation.
note*
Canadian GDP MM and Yearly Earnings YY and raw materials figures released tomorrow, might make the situation slightly choppier so will stick to the higher time frames.
AUDCAD is caught in a flag formation - SHORT trade favouredAUDCAD is caught in a flag formation and will probably zig-zag sideways for a while before it breaks free. There's considerable resistance above so I'm only looking for a SHORT trade where a move down to .890 200 sma on D1 and WS1 support looks likely. One to watch.
AUDCAD SELL FOR THE COMING WEEKAUDCAD is expected to take a biting throughout the coming week, however there is a slight possibility that it might hit last month high (0.90593) before we see a waterfall. The expected fall is largely do to the market structure from our courses and the selloff by Institutional Traders which started last week.
Please trade with caution and remember that our setups are only for educational purposes.
AUDCAD Market Outlook | Daily Forex Market BreakdownAUDCAD
This pair is looking amazing! As long as we stay below current resistance I believe we are going to roll over to the downside. Looking for potential shorts soon just waiting to see if we can wick to the upside first giving a clean entry! Remember patience is everything is this game.
AUDCAD TRADING PLAN Looking at the overal trend , its downward and price action has shown over and again that price reverse multiple times , when it touches trendline up , and price is currently moving in an ascending channel , i will take risk entry between 0.9000 and 0.9030 . if price breaks the channel down , i will hold the trade for a long term back to the previous low. good luck guys . manage your risk
AUDCAD Head and Shoulder Inside a Rising WedgeHEAD AND SHOULDER in a RISING WEDGE <3
AUDCAD is forming a head and shoulder pattern inside a rising wedge.
Approaching its daily dynamic resistance, it has made a "hanging man" candle which is a sign of rejection from the top.
At the same time, AUDCAD has already passed EMA 9 20 and 50 which is a good sign for selling.
If 0.8840 will be broken, this may start a 100 to 200pips drop for the bears.
Do you agree? Please do leave a comment. Thank you.
AUDCAD Might drop to 0.86 in 2-4 weeksAUDCAD has made a very impressive rally after dropping to 0.8070. But, now it is running into plenty of overhead resistances.
In the hourly timeframe, AUDCAD is showing weakness despite climbing up.
So, I have already placed two sells yesterday ( 0.8890 and 0.8925) with SL above the overhead resistances.
I expect AUDCAD to drop to 0.86 level soon.
AUDCAD Market Outlook | Daily Forex Market BreakdownAUDCAD
Very similar to AUDUSD, we have made a higher high in market structure and we will be needing to come back down and retest lows are some point. Keeping a very sharp eye on AUDCAD. Keep in mind .90 is a strong psychological key level, we are sitting right under that so we could easily wick up and reject off that and roll over to the downside. Patience will be key.
AUDCAD - Ascending Wedge / Potential Rejection📢AUDCAD 4H - Technical Breakdown
📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside.
📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the blue box, as price action looks over-extended it's best to assume a rejection will take place upon market open. A rejection should see price levels return to the support of the ascending wedge resulting in a low risk, high reward swing trade netting in excess of 200 pips.
AUDCAD Technicaly and Fundamentaly forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 AUDCAD technicaly indicators showing we can expect higher bulish market continuation, AUD is have rate cut ago 2 days they are stay on same rate 0.25 because rate is not changed that mean we can expect power for AUD, expecting to see push in price till FIBO 0.7 or till last above white trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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