AUDCAD - Selloff continuation ✅Hello traders!
‼️ This is my perspective on AUDCAD .
Here I expect bearish price action to continue as price took out buy stop liquidity and rejected from institutional big figure 0.95000. Also an argument is that price forme a normal divergence on daily timeframe.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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Audcadanalysis
DeGRAM | AUDCAD target for longAUDCAD is currently trading in an ascending channel.
The market pulled back to the support level, which is the confluence zone .
Notice, price action approached the level by printing small candles with deceleration, indicating that there's no strength.
Price action is likely to pullback to the support level and go up if price makes a false break.
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Three bullish scenariosAfter the 3-bar-pattern fractal high, the price made a shift in market structure and made one impulsive bearish move. Then made a retest to complete the head and shoulders pattern. Currently at this 4h breaker block, should the market respect this area then we go aggressively bullish to the high at 0.95462. If not, then we target the imbalance or 0.93800 demand zone in order to go bullish…
AUD/CAD Giving Great Bullish Signals, Long Setup After RetestThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
DeGRAM | AUDCAD retest of the ascending channelAUDCAD is currently pulling back to the broken ascending channel's border.
The market is creating a potential H&S pattern.
Price action is likely to move down from the confluence zone: the resistance and the lower channel's border + 50% fibo.
We expect a pullback from the resistance level .
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AUDCAD analysisThe market is still in a bullish trend, but it’s pretty much in a phase of change in market structure. Initially the 4h resistance was respected, which it then got violated and turned into this current support which was activated by the pullback at price 0.93095. From this current price we’re anticipating a bullish move to our daily supply region or at least price 0.94044. Double bottom has been violated along side with the three drives being completed, this activates the slight bullish move, then we prepare for the ultimate bearish move after a significant candlestick confirmation of course...
DeGRAM | AUDCAD breaking the ascending channelAUDCAD is currently trading in an ascending channel , but it has created a potential H&S pattern.
The market made a false break, because it fell below the level of 0.93500 after the breakout .
Price action is likely to move down and create a potential AB=CD pattern.
We expect a pullback from the resistance level .
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AUD/CAD :: Movement in the upper part of the middle line .AUD/CAD :::
The price has been moving in the lower part of the channel for some time and the middle line has been the resistance of this movement
And now the resistance has been broken, we can expect the price to move above the middle line for a while ,
And it will definitely have downward corrective movements .
AUDCAD: a SHORT TERM SELLHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the AUDCAD pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities