DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the support level that became resistance.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone at 0.87000 resistance.
We expect a trend continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Audcadsignal
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD is moving in the descending channel. Price created the confluence zone and fibo psychological levels.
The market made a consolidation zone and broke through it, making it lower low/lower close.
It broke and closed below 0.87000, and it's pulling back again, which will act as a strong resistance level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | AUDCAD broke the structureAUDCAD is testing the support level 0.87500 and the fibo level, which is the golden zone.
The market created a confluence zone to go long.
If price action makes a false breakout, it is going to be double confirmation.
Price action is likely to complete the AB=CD pattern.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | AUDCAD confluence levelAUDCAD is moving the confluence zone and fibo cluster levels.
The market pushed the price above this level before.
Price action is making lower lows and lower closes. It broke and closed below 0.89000, and it's pulling back again.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD : Long Trade , 1hHello traders, we want to check the AUDCAD chart. The price has broken the downward channel and if the price pulls back to the specified key level, we expect this level to maintain the upward price trend. If the price increases, we expect it to grow around 0.88400. Good luck.
AUD CAD LONGRIsky Trade which is against the trend.
Risk 0.5%
TP1 = 1:5 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
AUDCAD Analysis 31July2023Upon examination of the bearish channel formed a few months ago, there appears to be a flag pattern in the current price which could indicate a possible reversal. It is expected that prices will remain within a narrow range in the coming weeks. With this analysis, we can pursue scalping with a relatively low level of risk.
DeGRAM | AUDCAD breaking the psychological level at 0.89000AUDCAD is moving the confluence zone and fibo cluster levels.
The market bounced off this level before.
Price action is making lower lows and lower closes. It broke and closed below 0.89000.
We expect a trend continuation trade: breakout pullback and continuation.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD Short Term Buy IdeaH4 - Bullish trend pattern, currently it looks like a correction is happening.
Price respected a strong support zone and is bouncing higher.
Bullish hidden divergence followed by continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the support level that became resistance.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone.
We expect a trend continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | AUDCAD pullback tradeAUDCAD is pulling back to the psychological level 0.90000 in the ascending channel.
The market is making low lows and lower closes, indicating a bearish trend .
Price action is likely to move down from the kill zone since we have a bearish trend .
We expect a trend continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD Buy TF H4 TP = 0.8947On the 4-hour chart the trend started on June 30 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.8947
But do not forget about SL = 0.8740
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
AUDCAD ____ INCOMING BULLISH MOVEHello Traders,
Here is one for you guys this week... You can see how the price hunted the buy-side liquidity and it is heading for the weekly order block.
I will be waiting for the price to hit that level, then switch to the 1-hour timeframe for CHOCH to go long.
Always keep it simple.
Follow for more incoming trades.
Cheers,
Jabari.