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 .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Audcadanalysis
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 .
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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
DeGRAM | AUDCAD opportunity of sellAUDCAD is currently trading in an ascending channel.
The market broke and closed below the level of 0.92500.
Price action is likely to move down and retest the support and the lower channel's border.
We expect a pullback from the resistance level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD analysis wait and make a short sellAUD CAD is bullish .
we think that it would move toward the upward resistance where is the supply zone found .
Here you could enter a short sell with a stoploss not away due to the upward trend.
here we divide the target as two pieces as usual.
if you like it boost this idea
DeGRAM | AUDCAD in ascending channelAUDCAD is currently trading in an ascending channel.
The market created a consolidation zone, or box.
Price action is printing higher highs, and it's likely to move up and retest the resistance and trendline.
We expect a pullback from the support level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDCAD LongDear friends,
Here comes another analysis for the future trade. Right now, the price is taking the trendline support to make a move upward. But the trendline has been tested multiple times. From my point of view, it looks like it will break. After breaking in the downward direction, price will test the range from 0.90270 to 0.89550 (Aggressive entry) if it is a normal selling pressure. If selling pressure is high, then the price will again make a move of another 0.00500pts in the downward direction to test the price at 0.89100 (Conservative entry).
A good force of touch to this point it will make a move to go upside. But the only problem is the trend will be in the downside and the Algo traders will enter against the bulls to force the rally. Tests patience. Makes us sell. Then finally stocks go up.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
OANDA:AUDCAD
AUD/CAD :: Short position for lower time frame and ...AUD/CAD :::
The resistances have performed their role well and now it is the turn of the supports .
Currently, the movement is downwards and the best positions have been determined for the short position .
In case of a change in the course of the route ::
The chart is reviewed again .
<<< Good luck >>>