AUD/CAD multiple Set Up's In PlayWhat's Up therealtraders! here i share my analysis with aud/cad looks like we're going to see a reaction incoming for a price reversal potentially back to double top to the upside or even slightly higher to trap Buyers by creating a higher high on the shorter time frames
before entering this set up we would like to see bullish confirmation on the smaller time frames 4 hr-1hr time frame
if we get confirmation we enter and ride the move up with profit taking a must because i do see this coming back down in a big way, and whether we pull up or not it could drop hard so wait for confirmation either for rejection for the buy or breaks for the sells
Audcadlong
AUD/CAD (11/02/23) Weekly Chart - Bulls controlAt present, the bullish trend in the AUD/CAD currency pair appears to be strong and unrelenting. The market is approaching a supply zone with an inducement, which could potentially provide a good selling opportunity. The presence of gaps in the market supports this possibility. Despite the bullish trend, the I believe that it would be beneficial to wait for a dip in the price before making a purchase. The liquidity at the bottom of the range, combined with the potential for lower prices, suggests that there may be a chance for a more advantageous buying opportunity in the near future.
I wishes everyone good luck and a profitable week ahead in the foreign exchange market.
AUDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDCAD .
Here we are in a bearish market structure from H4 timeframe perspective, after change of character. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.94000.
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AUDCAD : Bull tunnel entry post 9 week breakout up! 30.5Simple technicals combined with a broad perspective.
1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating.
2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel.
The range of the tunnel is 0.980 to 0.916 , current rate is 0.911.
A break below 0.980 with a daily close would confirm downside potential to 0.9000.
So buying now and placing a stop lower than 0.980 is the first option with a TP at 0.916.
Second option is to to wait for a 4h candle close break above 0.916 and TP at 0.9222 with a SL back below at 0.9135.
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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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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.
AUDCAD: a SHORT TERM BUYHello, 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
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 - long trade opportunityHi everyone :) Higher time frames suggest bullishness in the market, as the weekly price movement is above the most important moving averages of 20/50/200. The trade has the potential to move around 40 pips before it has to face the daily resistance zone. On the 4-hour, we are currently attempting to form a bullish engulfing candlestick, which indicates that the buyers are slowly stepping into the market by attempting to push it up.
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