AUDCAD Buy the uptrend.AUDCAD - Intraday - We look to Buy
A break of 0.9600 is needed to confirm follow through bullish momentum.
We look for gains to be extended today.
Trading within a Bullish Channel formation.
Pivot resistance is at 0.9596.
Trend line resistance is located at 0.9630.
Trend line support is located at 0.9570.
Our profit targets will be 0.9622 and 0.9658
Resistance: 0.9600 / 0.9630 / 0.9660
Support: 0.9560 / 0.9540 / 0.9500
Aud-cad
💡 Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9515
TP2= @ 0.9480
TP3= @ 0.9434
TP4= @ 0.9372
TP5= @ 0.9300
SL: Break Above R2
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💡 Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9515
TP2= @ 0.9480
TP3= @ 0.9434
TP4= @ 0.9372
TP5= @ 0.9300
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCAD ANALYSISAUDCAD rejected from downtrendline with bearish movement
Price broke lower edge of reversal rising wedge pattern
Price is below HVN at level 0.9564 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected to target support level at 0.9450
Analysis AUDCAD#100
sell range: 0.96411
Targets: 0.96221- 0.96031- 0.95841
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.96601)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.96411(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
AUDCAD on a new bullish impulse 🦐AUDCAD after the last impulse retraced back until the 0.5 fib level of the previous leg over a daily support.
The price now testing the 4 resistance area and if the price will break above, we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDCAD breaking the wedge 🦐AUDCAD on the 4h chart is currently breaking below the support structure at 0.95500 and consequently breaking the wedge.
The price after touching 0.95900 couldn't create new highs and turn into a bearish outlook for a retracement move.
At the clear break and retest of the structure, we can set a nice short order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
💡Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.9545
TP2= @ 0.9522
TP3= @ 0.9480
TP4= @ 0.9445
TP5= @ 0.9410
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.9545
TP2= @ 0.9522
TP3= @ 0.9480
TP4= @ 0.9445
TP5= @ 0.9410
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCAD on the break of a daily resistance🦐AUDCAD on the daily chart broke and retest the descending channel and now testing the daily resistance area.
on the 4hchart the market after the last impulse retraced until the 0.618 over a daily support at 0.96400.
IF the price will break and close above we will set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUD/CAD : BEARISH BAT PATTERN 4H - POTENTIAL R/R OVER 2% 🔔Welcome back Traders, Investors and Community!
Analysis of #AUDCAD
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***
Strategy: Bearish BAT With open R/R
A clear chart is Always the best business card for a trader.
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
AUDCAD short set up 🦐AUDCAD on the 4hchart hit and got rejected by the resistance zone at 0.94060.
The price starts a consolidation move between the upper structure and the support one.
IF the price will break and close below nad consequently break the minor ascending channel, we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.