I am looking to go long on Audcad if it breaks the resistance trend line and retests the support zone. If it breaks the support and the trend line below, I will be looking for short opportunities
Australian dollar against Canadian dollar is a fascinating pair. And from historical chart patterns, we can conclude that AUDCAD is in a descending channel. Our bias will be to follow the trend down and exit early.
Upon 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.
Here is my view for AUDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
- we had since a long bullish impulse however, the long tern view on audcad, is bearish. Therefore, we are expecting a continues bearish downtrend.
Aud Cad Buy from here. Entry at : 0.92350 Stop Loss : 0.91200 Take Profit : 0.93000 Please Subscribe Hope you enjoy
AUDCAD (4H) long-term down trending market. Price currently has opened with a big weekend gap. It is a high probability that the price will drop as the long-term trend is down and price action supports a possible drop. Press the like button if you enjoy this content :)
When it comes to the technical analysis of AUDCAD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a...
When it comes to AUDCAD technical analysis, this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions...
Hello. After the failure of the set level, it can move to the previous floor of the price
Here is my idea for this pair. my target 400PIPS +++ Good luck and safe trade
last day's price makes a significant downtrend by bouncing the resistance line down and now the price already breakout of the resistance line which means it will go uptrend. Retest has created and nice candle confirmation has created, you can see at the 1H timeframe same structure are created.
AUDCAD currently in an uptrend. If this trendline holds, with proper confirmation i should long. probabilities. lets see
Would prefer price to come back to my trendline to look for short opportunities.
My trendline resistance has been respected three times. Could this be the fourth?? lets see
... and that would not bode well for equities. Pandemic lows test??... Here is the previous post; Here is the Daily;
AUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD...