Potential bullish swingPrice started to decrease since the 0.90567 high and created a nice bearish channel. In this channel we acknowledged multiple breaks of market structure, the last break led to the 0.86000 low and price swiftly went bullish to the 0.87660 swing high which gives the idea of a change in market structure. Since the upward move created this minor divergence, price is anticipated to mitigate the demand zone and not make a liquidity sweep at 0.86252 to give us a bullish market. However, we should be wary of the current low and in this potential bullish swing, the ultimate target is 0.90303…
Audcadanalysis
AUDCAD: Buyers back testing the trend. Today's focus: AUDCAD
Pattern – Reversal
Support – .8665 - .8625
Resistance – .8765 - .8790
• AUDCAD has posted four positive sessions in a row.
• Could this be the start of a new longer rally or just a counter-trend?
Hi, and thanks for checking out today’s analysis. Today, our focus is on the AUDCAD as price continues to rally after posting a failed low at an area of demand. Since that test, we have seen 1.09% added as buyers continue to drive a counter-rally.
From here, we would like to see price maintain its buyer momentum. If we do see a new retracement, we would like it to stay around the 50% point of the current rally. A move back to support could be a worry about buyer strength.
A move back up to test or break resistance would be positive, but for any new tests, we want to see HL and HH breaks to show trend strength. It’s not the first time we have seen a pattern like this, so pattern of trend is rather important to tell us if this is actually anything more than a deep counter-trend.
Have a great day and good trading.
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the support level that became resistance.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone at 0.87000 resistance.
We expect a trend continuation trade.
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DeGRAM | AUDCAD trend continuation oppportunityAUDCAD is moving in the descending channel. Price created the confluence zone and fibo psychological levels.
The market made a consolidation zone and broke through it, making it lower low/lower close.
It broke and closed below 0.87000, and it's pulling back again, which will act as a strong resistance level.
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AUDCAD HIGHER CONTEXT ANALYSISThis idea base on the volumes being seen on the charts.
I will expect more 50% retrace or higher.
Stoploss at your own risk.
WE anticipate if there is orderflow after that break of structure.
For swing traders. lets dive in..
Since this pair january until today it keep ripping down..
Now im expecting a slowly reaping that fall again.
thank you all for 400+ followers. this is good for swing traders.
DeGRAM | AUDCAD broke the structureAUDCAD is testing the support level 0.87500 and the fibo level, which is the golden zone.
The market created a confluence zone to go long.
If price action makes a false breakout, it is going to be double confirmation.
Price action is likely to complete the AB=CD pattern.
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DeGRAM | AUDCAD confluence levelAUDCAD is moving the confluence zone and fibo cluster levels.
The market pushed the price above this level before.
Price action is making lower lows and lower closes. It broke and closed below 0.89000, and it's pulling back again.
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AUDCAD : Long Trade , 1hHello traders, we want to check the AUDCAD chart. The price has broken the downward channel and if the price pulls back to the specified key level, we expect this level to maintain the upward price trend. If the price increases, we expect it to grow around 0.88400. Good luck.
AUD CAD LONGRIsky Trade which is against the trend.
Risk 0.5%
TP1 = 1:5 RR
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AUDCAD Analysis 31July2023Upon 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.
DeGRAM | AUDCAD breaking the psychological level at 0.89000AUDCAD is moving the confluence zone and fibo cluster levels.
The market bounced off this level before.
Price action is making lower lows and lower closes. It broke and closed below 0.89000.
We expect a trend continuation trade: breakout pullback and continuation.
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AUDCAD - Short active ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance and rejected from 1H bearish order block + institutional mid figure 0.89500.
Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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AUDCAD Short Term Buy IdeaH4 - Bullish trend pattern, currently it looks like a correction is happening.
Price respected a strong support zone and is bouncing higher.
Bullish hidden divergence followed by continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
DeGRAM | AUDCAD trend continuation oppportunityAUDCAD broke and closed below the support level that became resistance.
The market is making low lows and lower closes in the descending channel.
Price action is likely to move down from the kill zone.
We expect a trend continuation trade.
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DeGRAM | AUDCAD pullback tradeAUDCAD is pulling back to the psychological level 0.90000 in the ascending channel.
The market is making low lows and lower closes, indicating a bearish trend .
Price action is likely to move down from the kill zone since we have a bearish trend .
We expect a trend continuation trade.
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