Audcadsignal
DeGRAM | AUDCAD retest of the ascending channelAUDCAD is currently pulling back to the broken ascending channel's border.
The market is creating a potential H&S pattern.
Price action is likely to move down from the confluence zone: the resistance and the lower channel's border + 50% fibo.
We expect a pullback from the resistance level .
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DeGRAM | AUDCAD breaking the ascending channelAUDCAD is currently trading in an ascending channel , but it has created a potential H&S pattern.
The market made a false break, because it fell below the level of 0.93500 after the breakout .
Price action is likely to move down and create a potential AB=CD pattern.
We expect a pullback from the resistance level .
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DeGRAM | AUDCAD opportunity of sellAUDCAD is currently trading in an ascending channel.
The market broke and closed below the level of 0.92500.
Price action is likely to move down and retest the support and the lower channel's border.
We expect a pullback from the resistance level.
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DeGRAM | AUDCAD in ascending channelAUDCAD is currently trading in an ascending channel.
The market created a consolidation zone, or box.
Price action is printing higher highs, and it's likely to move up and retest the resistance and trendline.
We expect a pullback from the support level.
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AUDCAD LongDear friends,
Here comes another analysis for the future trade. Right now, the price is taking the trendline support to make a move upward. But the trendline has been tested multiple times. From my point of view, it looks like it will break. After breaking in the downward direction, price will test the range from 0.90270 to 0.89550 (Aggressive entry) if it is a normal selling pressure. If selling pressure is high, then the price will again make a move of another 0.00500pts in the downward direction to test the price at 0.89100 (Conservative entry).
A good force of touch to this point it will make a move to go upside. But the only problem is the trend will be in the downside and the Algo traders will enter against the bulls to force the rally. Tests patience. Makes us sell. Then finally stocks go up.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
OANDA:AUDCAD
DeGRAM | AUDCAD break the consolidationAUDCAD broke out of the ascending channel and then created a consolidation.
The market is printing higher highs, indicating bulls are putting pressure on the resistance of the consolidation zone.
Price action is likely to break and close above the resistance.
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DeGRAM | AUDCAD target for shortAUDCAD broke out of the ascending channel with an equal-measured move.
The market is near the resistance and a psychological level of 0.9200.
Price action is likely to move down from the psychological level and test the support level.
We expect a pullback.
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AUD/CAD LONG TRADE ...According to SMC , We have a two trades entry for long on AUD/CAD pair as following :
TRADE 1:
ENTRY @ ACTIVATE NOW
SL @ 0.91686
TP @ 0.92676
RRR : 1:4.05
TRADE 2:
ENTRY @ 0.91473
SL @ 0.91249
TP @ 0.92555
RRR : 1:4.83
IF 1ST TRADDE IS ACTIVATED AND HIT TP , DON'T ENTER THE 2ND TRADE ...
GOOD LUCK GUYS ...
DeGRAM | AUDCAD target for shortAUDCAD moved out of the ascending channel and created a box after the sell off.
The market is moving towards resistance and a psychological level of 0.9200.
Price action is likely to move down from the psychological level and test the support level.
We expect a pullback.
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20 REASONS FOR LONG AUDCAD MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low
Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area
Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high
SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100
1 Structure analysis time frame: D1 up trend
2 target time frame: D1
3 Current Move: impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: bullish
4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead
5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact
6 FIB: Almost done trigger event
7-candle Pattern: shrinking Pattern
8 Chart Pattern: double top
9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg
10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60
11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence
12-strength ADX: uptrend is in strength
13 Sentiment ROC: AUD is weaker than CAD
14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view
15: decision: buy now, and 2nd entry buy at retracement
16 Entry: 0.8927
17 Stop losel: 0.8915
18 Take profit: 0.9090
19 Risk to reward Ratio:1:9
20 Excepted Duration:5 days