Audcadanalysis
AUDCAD Setup For Five-Wave AdvanceHi traders!
It has been a while here! :) Hope you're all doing well.
AUDCAD rally from August low unfolded as a five-wave impulse structure and it follow by a three-wave correction. The correction unfolded as a simple zigzag with an ending diagonal pattern in wave C.
According to EW theory, once a 5-3 (impulse-corrective) wave cycle is complete, the price will resume in the direction of the impulse.
In AUDCAD's case, wave C is expected to rally above wave A high in the weeks ahead. The breach of the green level will indicate that the correction is completed.
What's your view on AUDCAD? Let me know in the comment.
Thanks for reading!
AUDCAD buy ideaI have a bullish bias on AUDCAD like all other AUDxxx pairs and a bearish bias on xxxAUD pairs. This pair has broke out of the initial ending diagonal with a bullish impulse and its currently in a corrective phase with another ending diagonal. Will be looking for bullish candle formation before going long.
AUDCAD break out and retest - long ideaAUDCAD breakout the downward channel in last week amd now its retesting the supportline so a bullish move is expected from retest.
use proper risk management please
GOOD LUCK
AUDCADlast day's price makes a significant downtrend by bouncing the resistance line down and now the price already breakout of the resistance line which means it will go uptrend. Retest has created and nice candle confirmation has created, you can see at the 1H timeframe same structure are created.
AUD/CAD Analysis I It Will Head UpwardWelcome back!
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AUD/CAD Analysis - We expect price to head upward as its currently rejecting daily support and showing wick rejection on the 4 hr. Also have a flag after impulse leg. Target is right before Daily resistance highlighted zone.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
ADUCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
audcad longaudcad buy :
1)based on my fib levels it will retest and will bounce up
2)due to news it gave a huge bullish momentum and will continue the same for next day
so we can expect a bull candle in 1D tf tomorrow
AUDCAD (Possible Short)Pair touching resistance and Bearish Divergence forming in 4H and 1H time frame. Feel free to give a feedback. New trader trying to learn.
Positive show on AUD/CADLots of positivity after a strong wave.. seems to be a change of direction
Waiting for a small correction
We expect it to continue to rise
AUD/CAD Create ab=cd Pattern......SELL
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AUDCADAUD_CAD broke out of the falling wedge. And has been showing signs of strength since then. I think that the pair is approaching the next resistance. Which implies that we will see further bullish moves. Until the resistance is hit.
Opportunity to buy in AUDCAD after breaking the doOpportunity to buy in AUDCAD after breaking the downtrend and pullback to the trend line and confirmation by the next candlestick
AUD/CAD going up soonAny corrective structure right now will continue with an up impulse wav, if AUD/CAD will give another down impulse I'm flat
AUDCADAUD_CAD is retesting a long term falling resistance. And given that the pair is in the downtrend. I think that we will see at least a local pullback. From the level and a move down. SHORT🔥
AUDCAD Long IdeaWe are expecting a bounce on AUDCAD.
-Divergence on MACD
-Close to a stong weekly level
-Price is in a demand zone
We will be entering on lower timeframes if we get our entry signal
AUD/CAD BUY Signal (IDEA)AUDCAD has reached the weekly support level. As you can see on the chart, this level has already worked out as a resistance level. The level is very strong. The nearest target is 0.9300, then 0.9650
AUDCAD will it break the trendline?The Price move near the key level support, and the falling wedge perform, let's take a look for a view days if the price can push through the trend line, then we have an opportunity for buy entry.
AUDCAD LONGPrice is now heading to previous support area. 30 pips SL for 200 pips PROFITS. Last week took short position & its almost in tp level. previous analysis in linked below
AUDCAD so what do we have on the 4 hour chat? will price retrace and continue to the down site or it will break the four hour trend line ? i'm with the bears on this one
