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Audcadlong

7 Dimension Analysis for AUDCAD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Done 🟢 Internal Structure: Also bullish 🟢 Decisional FVG liquidity: Mitigated, Making a prebreak out Buildup 🟢 Traps: Fakeout done at the top, grabbed all the swing liquidity from lower side 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation Ascending Triangle 🟢 CANDLE PATTERNS: This is a consolidation area; no valid candle pattern is observed. We will check our candle patterns at the breakout or market opening 3️⃣ Volume 🟢 We need a deep observation of volume on the breakout 🟢 less than the previous move 4️⃣ Momentum RSI 🟢 Zone: Sideways 🟢 Range shift: Bullish to sideways 🟢 Divergence: A bearish divergence is here, but it's weak 5️⃣ Volatility Bollinger Bands 🟢 High level of contraction 🟢 Various Band Punchers on the upper band, but they don't follow up the signal 6️⃣ Strength According to ROC 🟢 Values: AUD is 7.01 vs CAD 3.02 7️⃣ Sentiment When we mix up all the parameters, there is a high chance the price can go up during the coming sessions, so we need to seek buy entries during the week ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Sideways as internal ☑️ Current move: Impulsive sideways ✔ Support resistance base: Fixed range volume POI ☑️ Candles Behavior: Nothing is clear 💡 Decision: We need to wait for the price to break the upper level or come downside to our POI area, then we can buy this pair 🚀 Entry: 0.8980 ✋ Stop Loss: 0.8925 🎯 Take Profit: 0.9150 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.1 🕛 Expected Duration: 7 days SUMMARY: The analysis indicates a bullish stance with a well-defined structure and pattern, though the candle patterns are not clear at the moment. The decision suggests waiting for a breakout or a move to the POI area for a buy entry, considering potential internal structure changes and trendline breakouts.
Long
by Optimum369
2
AUDCAD is approaching midpoint bullish run expectedAUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be .89000. Stop lose may set below the .87000 level will give us 3.88 Risk reward ratio. Happy trading
Long
by forexorbit
7
AUDCAD Technical Analysis And Trade Idea Asian OpenIn this video, we embark on an in-depth analysis of the AUDCAD currency pair, with a primary focus on the existing bullish price momentum witnessed in both the 1-day (1D) timeframe. It is worth noting that the currency pair is approaching a critical support level, hinting at the potential for a forthcoming upswing. Throughout our discussion, we will delve deeply into the intricate aspects of technical analysis, encompassing the current market trend, price dynamics, market structure, and other essential components of technical analysis. As we progress through this video, we will explore a potential trading opportunity. It is crucial to emphasize that the information presented in this video is intended solely for educational purposes and should not be considered as financial advice. It is essential to understand that participation in the foreign exchange market involves a significant level of risk. Consequently, it is imperative to prudently incorporate robust risk management strategies into your trading plan.
Long
by fxtraderanthony