AUDCAD IDEAi am expecting too see this pair reaching the level of 0.91 but if the trend remains bullish a potential entry is at the level of 0.94422 and profit at the resistance area at the level of 0.93759
Audcadforecast
AUDCAD possible drop to support levelCurrency Pair : AUDCAD
Possible direction : Bearish
Technical Analysis : Price has formed a double top on the daily timeframe and broken out of this double top. Tested the previous support as resistance and rejected to the downside signaling possible trend change. As from daily price action, we see possible support turns resistance and highly likely price will continue to drop after testing the previous support as resistance and a sell trade is highly probably from this high area of value.
Possible trade recommendation : Bearish as per chart sketch
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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 Trading Plan - 7/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
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 SHORT TIME -TODAY 2023.2.4And in the last stage, we have the 45-minute time check:
We are now on the reciprocal completion area around 0.92559. The ranges between 0.92559 and 0.91923 can be considered as areas for correction, and all the decreasing targets from the return range to 0.93234 can act as resistance areas in correction, generally they cover 50% of their sharp movements.
The major wave in the 45-minute time period is a decrease and any rise is only until the correction is confirmed. If the upward wave is corrected, we can expect a decrease to the range of 0.91512 and then an important static range overlapping with the corrective fibo in the area of 0.90925.
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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AUDCAD is at Support @ 0.94ishAUDCAD is at Support @ 0.94ish from the 4 hour chart as you can see. I expect a little push towards the upside
AUDCAD Idea H4Here is my view for AUDCAD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUD/CAD :: Very important range !!!AUD/CAD :::
Various supports and resistances are located in this range. Waiting can be the best decision until the decision to take a position is made after the change.
AUDCAD Idea H1Here is my view for AUDCAD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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 Idea H1Here is my view for AUDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUDCAD analysis wait and make a short sellAUD CAD is bullish .
we think that it would move toward the upward resistance where is the supply zone found .
Here you could enter a short sell with a stoploss not away due to the upward trend.
here we divide the target as two pieces as usual.
if you like it boost this idea
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
AUDCAD-SHORT - we had since a long bullish impulse however, the long tern view on audcad, is bearish. Therefore, we are expecting a continues bearish downtrend.
AUD/CAD SHORT TRADE ...According to SMC , We have a trade entry for short on AUD/CAD pair as following :
ENTRY @ 0.91540
SL @ 0.91774
TP @ 0.90839
RRR : 1:3
GOOD LUCK GUYS ...
AUDCAD :Elliot Analysis 4hr 340 pip Hello guys. According to the Chart of AUDCAD all of things be clear and it's not to describe any word.
audcad still running to downsidedownside demand area still very strong to breakdown to down side that is why my order for buy for long abd sl will after 1tp on profit side
AUDCAD contractionPrice made a pullback to our previous low with this stunning doji candlestick to strengthen the bearish momentum. The market provided us again with this contraction move after the volatile one, now with should expect an aggressive push to the downside from this breakout…
AUDCAD Breakout Short!AUD-CAD was going up along
The rising support line
But after the failed breakout attempt
Of the horizontal resistance level at 0.92821
We saw successful bearish breakout
Of the rising support
So I think that the
Will go down now
AUDCAD, Expecting Up Move Before DownIn AUDCAD, I am Expecting Up Move Before Down because of OB and trend line support and price will move up to take the liquidity for a down move of 160+ pips.
AUD/CAD LONG TRADE ...According to SMC , We have a two trades entry for long on AUD/CAD pair as following :
TRADE 1:
ENTRY @ 0.91594
SL @ 0.91487
TP @ 0.91969
RRR : 1:3.5
TRADE 2:
ENTRY @ 0.91350
SL @ 0.91262
TP @ 0.91664
RRR : 1:3.57
IF 1ST TRADDE IS ACTIVATED AND HIT TP , DON'T ENTER THE 2ND TRADE ...
GOOD LUCK GUYS ...
