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Audcadsetup

AUDCAD (MEDIUM TERM) TIME TO BUY?The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little longer than short term. If you are going to trade this, i suggest you watch it as bulls have not been strong at all
Long
by ANGBlack
1
Trading Pathways Analysis of AUDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
AUDCAD Anticipates a Big Wave That Will Happen SoonHi, best regards. This is our next analysis and this is an analysis of the initial position in the AUDCAD pair. This analysis is different from the previous pair's analysis of NZDJPY, which is late entry and the trend is already running. This pair has gone down significantly, and then reversed the trend very sharply. In the first wave and combined with Fibonacci levels it was detected that the pair was making an effort to push the price to a higher level. The pair has touched the level of 0.618 Fibonacci and has touched the set buy limit. further analyzed that this pair will make a stronger movement and will test the previous highest resistance at the level 0.91500. The best way to trade is to wait in advance for the pair to make deeper corrections (if they do) or enter the trend immediately and get the most profit. Note: this is not a recommendation for financial action and we are not licensed economists
Short
by VolumeWaveFX
3
AUDCAD - POTENTIAL SHORT(S)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 looking somewhat neutral at the moment, but this price action and the structural pattern are definitely showing bearish intentions. The first target would be the bottom of the nearest daily support area where the breakout bottomed out (0.88-0.89), second target at approximately 0.855 (backtested support) and final swing at the monthly low 0.75. Low risk with a tight stop. Let me know if you have any suggestions or alternate analyses.
Short
by KingEndri
1