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Audcadidea

20 Reasons for sell AUDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is bearish, and a doji bearish candle confirms the readiness for another impulsive move. There is no significant support until the target area, indicating the potential for a larger downward move in the coming years. 2:📆Monthly: A clear bearish impulse move is forming on the monthly timeframe, with the first pullback already completed. This suggests a strong downside move in the next few months, and there is also a triangle pattern present. 3:📅Weekly: The bearish structure continues on the weekly timeframe, with an inducement already completed. Price is following its downward trajectory, and another impulsive move towards both medium and larger targets is expected. 4:🕛Daily: Price is currently consolidating and has formed a spring with a high volume spike. There is a high likelihood of price retracing back to unmitigated Fair Value and Order Block areas before resuming its downward move. Sell entries are observed from higher areas. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Breakout from a triple bottom pattern or a bearish liquidity sweep. 7: 3 Volume: High volume at the breakout, and the retracement is already completed, suggesting further downside. 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways momentum. 9: 5 Volatility measure Bollinger bands: Price is currently at the lower band, indicating potential further downside movement. 10: 6 Strength ADX: Sideways strength. 11: 7 Sentiment ROC: AUD is weaker than CAD. ✔️ Entry Time Frame: H1 12: Entry TF Structure: Currently in a consolidation phase, waiting for a trigger event or breakout confirmation. 13: Entry Move: Impulsive move. 14: Support Resistance Base: Consider previous inducement and sweep areas as potential support and resistance levels. 15: FIB: Trendline breakout confirmation is awaited. ☑️ final comments: Sell at trendline breakout. 16: 💡decision: Sell. 17: 🚀Entry: 0.8964 18: ✋Stop Loss: 0.9005 19: 🎯Take Profit: 0.8843 20: 😊Risk to Reward Ratio: 2:3 🕛 Expected Duration: 5 days
Short
by Optimum369
AUDCAD BUYAlright so basically AUDCAD is going for a buy for about 200 pips plus before we can except a meltdown of a sell, a pullback needs to occur in price based on pure price action we would be expecting a buy, if you focus on this analysis you would notice before price broke the Trend line price first then created a W pattern which signifies that a possible reversal has occurred on the support level so we patiently wait for price to retest or retrace back before we can take our buys. Drop a Comment please on what you think on this Analysis or think about AUDCAD. Thanks
Long
by GoCrazyfx0