Hello traders, AUDCAD analysis. Wait for buying opportunities from the support areas. Good luck
The previous bullish drive and price resistance against supply from the area supported by the cloud and moving average could provide the potential for renewed growth.
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!
Market is in overall downtrend, but in 1h timeframe market started a correction upwards and broke corrections structure downwards, now we are waiting for a price fall till POC level. Entry: 0.89949 (Point of structure break) Invalidation: 0.90140 Target: 0.89491 (POC)
1) Heiken Ashi candle “closed” with no wick. 2) Gold line is above dotted line. 3) Green line is over red line | Stop-loss: Placed “just below” candle that just “closed” with no wick | Move stop-loss to “just below” each new Heiken Ashi candle that “closes” with no wick | Do not move stop-loss if Heiken Ashi candle(s) “closes” with a wick (of any size) | Close...
Welcome back Traders, Investors, and Community! Hi Traders, AUDCAD on H1 has been making HHs and HLs. It also has broken above the Resistance line and retested it. Before going up it might go to around 0.93150 and then goes higher to 0.93470 ⬆️Buy now or Buy at 0.93150 ⭕️SL @ 0.93084 ✅TP1 @ 0.93470 ✅TP2 @ 0.93765 ✅TP3 @ 0.93937 We will have more FREE...
-Divergence is a signal of a possible trend change. -A descending triangle which means a continuation to the downside.
POTENTIAL LONG AT HIGHLIGHTED ZONE ENTRY UPON CONFIRMATION
BUY AUD/CAD Market execution Entry 1 0.88480 buy limit Entry 2 0.88380 Sl 0.88237 Tp.1 .88680 Tp.2 0.88980 Tp.3 0.89280
the economic data related to CAD pairs are in support for Positive CAD pairs. Sell at 0.95965 take profit at 0.95263
AUDCAD. AUD has not fallen against CAD while it has fallen against other currencies. It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken. *Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell. Happy trading.
AUD/CAD 1H Chart: Channel Down The Australian Dollar is losing value against the Canadian Dollar in a short-term descending channel that staretd to form after a 39-pip depreciation of the Aussie last week. At the moment, the currency exchange rate is squeezed between the weekly S1 at 0.9941 and the monthly PP at 0.9930. Nevertheless it is expected to...
Sorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon. 30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over. Price broke out of the short term bearish downtrend above the trend line and heading towards first...
This is The Best Setup Ever. C leg is extremely streched shows bearish pressure.Any short trade cannot be better than this one. Best of luck Muze (aud/cad)
This week we have important data from AUD (interest rate decision) on Tuesday, followed by important data from CAD later that day. Forecast is a stronger AUD. First false move lower on unchanged interest rate decision, then move higher on CAD data. Alternative view: charts.mql5.com
looking for a retrace back up to the 50ema (red) and a retest of the 50 ema and trend line and a fail. Once it fails and begins to head back down to the lower trend line a sell position can be taken.