DeGRAM | AUDCAD target for shortAUDCAD broke out of the ascending channel with an equal-measured move.
The market is near the resistance and a psychological level of 0.9200.
Price action is likely to move down from the psychological level and test the support level.
We expect a pullback.
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Audcadsignal
AUD/CAD LONG TRADE ...According to SMC , We have a two trades entry for long on AUD/CAD pair as following :
TRADE 1:
ENTRY @ ACTIVATE NOW
SL @ 0.91686
TP @ 0.92676
RRR : 1:4.05
TRADE 2:
ENTRY @ 0.91473
SL @ 0.91249
TP @ 0.92555
RRR : 1:4.83
IF 1ST TRADDE IS ACTIVATED AND HIT TP , DON'T ENTER THE 2ND TRADE ...
GOOD LUCK GUYS ...
DeGRAM | AUDCAD target for shortAUDCAD moved out of the ascending channel and created a box after the sell off.
The market is moving towards resistance and a psychological level of 0.9200.
Price action is likely to move down from the psychological level and test the support level.
We expect a pullback.
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20 REASONS FOR LONG AUDCAD MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low
Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area
Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high
SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100
1 Structure analysis time frame: D1 up trend
2 target time frame: D1
3 Current Move: impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: bullish
4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead
5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact
6 FIB: Almost done trigger event
7-candle Pattern: shrinking Pattern
8 Chart Pattern: double top
9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg
10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60
11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence
12-strength ADX: uptrend is in strength
13 Sentiment ROC: AUD is weaker than CAD
14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view
15: decision: buy now, and 2nd entry buy at retracement
16 Entry: 0.8927
17 Stop losel: 0.8915
18 Take profit: 0.9090
19 Risk to reward Ratio:1:9
20 Excepted Duration:5 days
AUDCAD H14 SWING TRADING ANALYSISHello Traders AUDCAD H4 SHORT SWING TRADE
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AUDCAD H4 TRADING IDEA
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Audcad ready to rise after TL breakoutHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:AUDCAD
We can see formation of bullish pattern
So we are expecting a strong rise from support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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DeGRAM | AUDCAD target for longAUDCAD moved out of the descending channel .
The market formed a consolidation zone at the support level .
Price broke and closed above 0.87000.
We expect a retest of the resistance level .
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DeGRAM | AUDCAD target for shortAUDCAD moved out of the descending channel .
The market failed to make a higher high at the resistance level.
Price action is likely to test the major support level .
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AUDCAD ZONE TRADE SETUPIN AUDCAD price was its support and previous range resistance area on the monday open wait for the direction of market if price break its trendline and black level to the upside the good setup to trade for long and the targets are next level which is 0.8794 and thursday high/
2nd scanario/
if price break this level of support to the downside than we see on the left hand side clear rang consolidation range and expected to price move in this range and test its range low 0.86000 area.
DeGRAM | AUDCAD target for longAUDCAD moved out of the descending channel .
The market failed to make a lower low at the psychological level of 0.8600.
We can see a classic accumilation-expansion pattern.
Price action is likely to test the recent resistance level .
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DeGRAM | AUDCAD target for longAUDCAD moved out of the descending channel.
The market failed to make a lower low at the psychological level of 0.8600.
We can see a classic accumilation-expansion pattern.
Price action is likely to test the recent resistance level.
---------------
Share your opinion in the comments and support the idea with like. Thanks for your support!