AUDCAD FOR MORE BUYSFollowing the last update on this pair, we have seen more upside continuations.
Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside.
Uptrend, pullback/higher low formation, these confluences are key to taking our long positions on this one.
Audcadshort
AUDCAD Multiple Opportunities
First approach is to confirm price rejection DOWN to Buy-zone.
Next approach is to confirm price rejection to UPSIDE Targets.
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AUDCAD | Good Sell Opportunity.When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend.
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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.
SHort Opportunity on AUDCADFX:AUDCAD
As we can see in the analysis Above, The pair has been on a downtrend since April 2021 based on the 200 Moving Average
Currently, it has just touched the 200 MA line again and I expect a sell from on a Daily Timeframe.
There is also a trendline that has been valid since July 2021, and it just touch the trendline resistance.
There is also a Double top pattern on 4hrs Timeframe
NB
The pair just completed the XABCD pattern on a weekly timeframe, meaning the pair just started a bullish run on a weekly TF so trade with care
That is my submission
Looks bullish..Hi Traders,
AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary.
Keep this one on your watch list
Follow your trading plan!
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AUD/CAD 4HR SELL SET UPHi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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AUDCAD SELLS H4We have interesting confluence happening here.
- Has wicked of a weekly order block
- Restest of a daily anchored VWAP
- 200 SMA touch
- TMA bands heavy sell zone
- OBOS showing heavy overbought
Sell level and stop loss shown, as well as various TP levels.
1% risk used, at each TP level 0.25% closes. Once we hit TP1, the whole order goes risk free.
Looks like a reversal will be coming soon Hi Traders,
AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel.
Follow your trading plan and make sure your entry meets your rules. Patience is key.
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Good luck!