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Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity CADAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders Investors And Community, Welcome to this analysis where we are looking at CADAUD which is sending some quite interesting signals at the moment with a potential continuation ahead and a clear formation which developed we can expect some significant price-actions further developing. Looking at my chart you can watch there that CADAUD just confirmed...
CADAUD, the Canadian Dollar against the Australian Dollar, is showing signs of a potential reversal as it reaches the end of a falling wedge pattern at a key support level. This pattern typically indicates a potential trend reversal from a downtrend to an uptrend. Traders considering this potential reversal may set a take profit level at 1.1148, aiming for an...
By forming the Double Bottom pattern , we can confirm the end of wave C. I expect AUDCAD to grow to at least the resistance line after breaking the neckline of the Double Bottom pattern. (I have specified AUDCAD growth 🎯 targets 🎯 in the chart for you). 💡Also, I shared with you the position with RR= 2.68 , but be sure to follow your strategy and not forget...
The Australian Dollar/Canadian Dollar is running near the support zone, and also we can see the Regular Divergence (RD+) between the Price and RSI indicator. I expect the Australian Dollar/Canadian Dollar to go up to the resistance zone. 🔅Australian Dollar/ Canadian Dollar ( AUDCAD ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every...
AUDCAD seems to be retesting a solid area of support after putting in a double bottom and forming a 'w' For now, I am looking for a higher high, followed by a higher low before going long. My idea is to put in three orders, with three different take profit strategies. First two are marked on the chart, with the strategy for the 3rd being a trailing stop in the...
this is chart analysis not a signal to trade be careful ......................................................................... dont forget like ......................................................................... good luck
CADAUD appears to be heading lower. It is in a very deep downtrend. The market has formed a "W" pattern, which is a bullish sign BUT it appears that price has bumped against the upper trend line. The market has not retested the 1.000 level so this tells me price may still be headed down. Hopefully the buyers won't get trapped in the market.
An X wave correction to the already completed ABC fractal is what I see. Again, Fibonacci gives me some nice goals to consider, and we are correcting within a correction, which really means a temporary bullish sign. Goals in green, invalidation in red. Not financial advice, do your own research.
CAD very cheap in this time it can recover easily after corona and AUD can be fall because trade war is coming...
So the daily candle didn't really play out as i hoped it would, was unfortunately not able to create a red body, because that green support held. It broke the red zone, but think it still has potential because it didn't really break up either. Think for now the green zone around 0.890 might be the key level short term, that level might decide whether i am right...
On the right we can see what looks like a failed breakout, that triangle where it broke up from, retested, made a new high but got rejected again. So good chance it was a small bull trap move. On the left we can also see that the daily candle is starting to become a sell signal. If it would drop some more today, and make a red body, it would be a nice sell signal....
As we made 17 percent in our 3 weeks trades (Base profit. We use 10 to 20 leverage in our trades), we are giving another midterm plan for you. Follow to hear more! Entry: 0.906 Stop-Loss: 0.914 Target: 0.885 Have a nice week!
Marked up a chart before bed lol, we'll see how it goes, I'd love any feed back or constructive criticism. Thanks!!