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Audcadanalysis

AUDCAD I Potential intraday short from top of the channel Welcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
AUDCADIn the AUD/CAD pair's daily timeframe, a bullish trend seems to be emerging. After completing a 61% correction following a breakout from a falling wedge pattern, the Elliott wave theory suggests a potential ABC pattern forming. This sequence typically indicates a continuation of the previous trend, signaling a possible upward movement in the pair's price action. Traders may look for confirmation signals to validate this bullish outlook before considering entry positions.
Long
by forex_info
5
AUDCAD Long - Multiple Time Frame AnalysisMonthly Time Frame Price made a bearish push until it closed as a doji candlestick found support at the weekly demand zone then made a bullish push After the bullish push price met resistance at a weekly supply zone ultimately forming a high. Price then began to sell off (retrace). Weekly Time Frame Price met resistance, formed a double top, and closed as a doji followed by a bearish engulfing signaling a selloff. During the sell-off (retracement) price found support at the 61.8 fib level and closed as doji candle stick signaling a potential reversal. 4Hour Time Frame I am anticipating price forming a double bottom as a candlestick reversal pattern. I am expecting a bullish push to 0.895
Long
by NoCeilingsTrading
DeGRAM | AUDCAD oppportunity to short the marketAUDCAD broke and closed below the psychological level at 0.8800 which became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the fibo cluster. We expect a trend-continuation trade since we have a bearish trend and divergence at the border of the descending channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
2
AUDCAD,🟢Bullish scenarios🟢 (Read the caption) Well, the price reached the extreme demand zone in the daily chart. As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone. Now, we can expect two different scenarios for uptrend. 1. The price can start rising from here because it hit an important level and had a bullish reaction. 2. The price can re-test the lower demand zone that is clear and untouched. In both scenarios, we can define the previous high as a first target and the liquidity above equal highs as a final target. 💡Wait for the update! 🗓️31/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
AUDCAD Trade IdeaThe AUDCAD pair has reached a critical support level, marked by this horizontal line on our chart that corresponds to a previous daily open/close. The price is clearly overextended and we expect a correction soon. A potential trade setup may arise later today when the Canadian GDP data is announced. If the data is positive for the CAD, this could offer a good sell opportunity. We are eagerly awaiting this news release. Please note that this is only a trade idea and not a trade recommendation, the information is for educational purposes only and should not be considered as financial advice.
Short
by fxtraderanthony
DeGRAM | AUDCAD target for short from psychological levelAUDCAD is testing the psychological level at 0.89000 in the ascending channel. The market is consolidating on the 4-hourly chart, following the bearish move. Price is likely to move down from the kill zone since the market is consolidating. We expect a pullback from the resistance level and the continuation of the consolidation. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
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