AUDCAD analysis with fxkiller⚠️ This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
AUDCAD
AUDCAD Is Very Bearish! Sell!
Here is our detailed technical review for AUDCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.897.
Considering the today's price action, probabilities will be high to see a movement to 0.891.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89900 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.89900 resistance zone, i would also keep an eye on the stock market to confirm the bias as AUDCAD does correlate positively with indices.
Trade safe, Joe.
AUD/CAD - Trade Setup Structure: Solid power move to the support zone aligned with the 200 MA Strategy
Trade: Long
Risk/Reward: 1:2
Disclaimer: DYOR!
AUDCAD BUYHi fellow traders, AUDCAD has completed a larger WXYXZ flag correction. Look for a buy opportunity from the blue box in this smaller 3-wave correction. Target the resistance levels. Good luck and trade safe!
AUDCAD SHORTlooking to take the pull back entry here. Trend and momentum look good on higher TF. Market Entry here
AUDCAD setting up long entries?- Triple bottom
- Break from downtrend
- Retest of support matched with downtrend line
PLAN
- Look for entries on higher highs and higher lows
- Role reversals
AUDCAD NEXT MOVE AUDCAD NEXT POSSIBLE MOVE according to the current market situation techincally we can go long from this unmitigated deman area of heigher time frame
One last SHOT!!If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern.
If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths)
There are a couple of attempts, and not all went to loss, it fact I'm pretty profitable with these trading ideas when I didn't get what I want.
This is probably the last or the last is near for these trading ideas to work.
I'd engaged the bullish bat pattern on the 4-hourly chart and see if it able to take me to my final target for the 5-0 patterns and beyond.
AudCad to break under supportSince the recent high at 0.95, AudCad has started a clear downtrend and in the past trading month, the pair is consolidating losses above important support from the 0.89 zone.
Pressure is on the sell side and I expect this support to be broken.
In conclusion, rallies above 0.9 should be sold and the target for swing traders could be 0.8750 zone support.
A daily close above recent resistance would negate this scenario
AUD-CAD Long From Support! Buy!
Hello,Traders!
AUD-CAD is retesting a
Horizontal support of 0,8953
So a rebound and move up
Are to be expected
Buy!
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GBPCAD I Potential long channel support
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AUDCAD Signal 16May2023I've been waiting for this pair for the last 1 week, and soon I'm sure AUDCAD will have significant movement. If you see a bullish candle that is slowly being beaten by a bearish candle by forming a compression vase, there is a big enough possibility that the price will go down first to take liquidity below forming a false break, then the price will continue to be bullish
DREAMS FOREX | AUDCADHello hustlers.. NO explanation just trust us and use good trade management only thing important in Trading is how you manage your trade...
FROM 1:4 & 1:6 RISK REWARD RATIO...
Enjoy...
AUDCAD: What a Pattern! 🇦🇺🇨🇦
Update for my yesterday's post for AUDCAD.
The pair retested the broken neckline of a triangle on a daily.
And you know what. Retesting that, it formed the same tiny little triangle on 1H time frame and broke its neckline as well.
It gives a strong intraday confirmation.
The pair will most likely keep falling to 0.8977
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AUDCAD: Bearish Setup Explained 🇦🇺🇨🇦
AUDCAD is trading in a wide horizontal trading range on a daily.
Approaching its upper boundary, the price formed a descending triangle formation.
Its neckline was broken last week.
I explain a bearish movement to 0.896 level.
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