CADAUD trade ideas
AUD/CAD - Trade Call On Daily time frame there is still room to go further bullish; however, on 4h time frame Bearish Divergence has formed on RSI. Therefore, now either the price will retrace a bit to support level and then continue upward trend or it will break the support and go bearish.
I have drawn Bearish Reversal Butterfly Harmonic pattern. If price chart follows that then LONG trade is ON. Otherwise, SHORT trade can be taken on breaking previous HL.
Trade value are:
LONG Buy Trade Call
Entry : instant 0.92096
SL: 0.91834
TP: 0.92500
TP2: 0.93000
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SHORT Sell Trade
Entry : Sell Stop: 091765
SL: 0.91978
TP1: 0.91400
TP2:0.91200
AUDCAD 1HR TF LOOKING BEARISH AFTER A LITTLE PUMP FROM HEREICMARKETS:AUDCAD should dip in our trade on the 1HR timeframe, if it does not pump from here then the trade is invalidated, otherwise if it does then we can enter in the resistance area (yellow line) and aim towards the FVG area as our target.
AUDCAD Will Fall! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.918.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.915 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUD/CAD continue with the UptrendOn AUD/CAD, it's nice to see a strong buying reaction at the price of 0.91330 and 0.91140 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUDCAD BUY SCENARIOOkay, in this week, my first pair turned out to be AUDCAD, though there is a chance to sell AUDCAD & earn atleast 50pips,
This trade was decided basing on monthly and weekly orderflow,
for buyers, take your time wait for the price to reach our targeted point in order to enter the trade
AudCad Trade IdeaAudcad is looking solid this week for some longs. There was a clean shift to the upside around 0.90600. Price ended last week with a push to the upside. I'll personally be looking for price to pullback and retest 0.90812. Looking at the daily time frame we may even see price pullback to 0.90600 before going long again. As long as price respects 0.90600 price would still be considered bullish. I'll personally be waiting on either move to happen with targets around 0.91300-400.
AUDCAD LONGM
Bullish
Consistent HH & HL,
EMA cross to upside
W
Bullish
Price above EMA (sidewards)
From PM Doji H,HL, Potential HH
to be printed
D
Pull back could have already played out at
bounce on 38.2, however if price continues
lower ill expect bounce on EMA at 0.50 Fib
Price finding support at EMA's, EMA sitting
just above 0.50 Fib
potential small gap down on Sunday open, if
price approaches 38.2 will wait for double bottom or bounce at 0.50 for Buy stop
ICMARKETS:AUDCAD