AUDCAD trend reverseAUDCAD was in bullish trend and reach to strong support and rsi is showing Divergence. Accordingly took the trade.
CADAUD trade ideas
AUDCAD 1HR TF Bullish SetupICMARKETS:AUDCAD kinda a risky trade but just for learning, it is not mandatory to take all trades, some can be analyzed just to observe and learn.
AUDCAD Sell stop AUDCAD SELL STOP
Entry point :- 0.91604
Stop lose :- 0.92442
Risk :- 0.25%/2x
Target 1 :- 0.9077
Target 2 :- 0.8993
Target 3 :- 0.8909
AUDCADAUDCAD is in bullish trend.
Bearish divergence also shown in RSI.
Market sentiment is also bearish.
We wait and watch for the breakout of last HL.
AUD/CAD - Trade Call On Daily time frame there is still room to go further bullish; however, on 4h time frame Bearish Divergence has formed on RSI. Therefore, now either the price will retrace a bit to support level and then continue upward trend or it will break the support and go bearish.
I have drawn Bearish Reversal Butterfly Harmonic pattern. If price chart follows that then LONG trade is ON. Otherwise, SHORT trade can be taken on breaking previous HL.
Trade value are:
LONG Buy Trade Call
Entry : instant 0.92096
SL: 0.91834
TP: 0.92500
TP2: 0.93000
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SHORT Sell Trade
Entry : Sell Stop: 091765
SL: 0.91978
TP1: 0.91400
TP2:0.91200
AUDCAD 1HR TF LOOKING BEARISH AFTER A LITTLE PUMP FROM HEREICMARKETS:AUDCAD should dip in our trade on the 1HR timeframe, if it does not pump from here then the trade is invalidated, otherwise if it does then we can enter in the resistance area (yellow line) and aim towards the FVG area as our target.
AUDCAD Will Fall! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.918.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.915 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUD/CAD continue with the UptrendOn AUD/CAD, it's nice to see a strong buying reaction at the price of 0.91330 and 0.91140 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUDCAD - Looking To Buy Pullbacks In The Short TermH1 - Bullish trend pattern
Strong bullish momentum
Until the strong support zone holds my short term view remains bullish here.
AUD_CAD RESISTANCE AHEAD|SHORT|
✅AUD_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 0.9196
Price decline is to be expected
SHORT🔥
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AUDCAD SHORTGood afternoon traders, I hope you all are having a profitable trading week so far. This is my latest analysis on AUDCAD!!
Let me know what you guys think!
AUDCAD LONGAUDCAD is in a up trend, is making Higher Highs and Higher Lows after retrenchment at fib level 0.382. we will place buy limit order.
AUDCAD Bullish Idea the overall trend is bullish , broke the counter bearish trend and switching back to bullish bias
AUD/CAD Simple Trading Structure/PlansRisk appetite favours AUD in near term.
Easing cycle speeds also help.
Would not be surprised if break is higher on sentiment case.
AUD/CAD For Bullishyou can go long now
or
wait for entry point and then go long
- General Trend is up trend
- Price broke previous resistance at red arrow and may be back to retest it and then go up
have fun :)
AUDCAD is on BULLISH TRENDAUDCAD ,after break its accumulation phase AUDCAD making HHs and HLs ....and exactly retrace on 0.38 value it will bring the trend on 2.618 level smooth ride
AUDCAD 4h I'm on the lookout for a great opportunity to go bullish on AUDCAD, when price retraces back to test the 4h resistance zone.
AUDCAD 4h I'm on the lookout for a great opportunity to go bullish on AUDCAD, when price retraces back to test the 4h resistance zone.
AUD/CADAustralian vs Canadian analysis
1- An ascending price channel on the daily frame
2- A downward trend line on a 4-hour frame
3- The emergence of strong supply and demand areas
Therefore, we wait for the bearish correction to be completed, then start looking for demand areas
AUD/CADAustralian vs Canadian analysis
1- An ascending price channel on the daily frame
2- A downward trend line on a 4-hour frame
3- The emergence of strong supply and demand areas
Therefore, we wait for the bearish correction to be completed, then start looking for demand areas
AUDCAD BUY SCENARIOOkay, in this week, my first pair turned out to be AUDCAD, though there is a chance to sell AUDCAD & earn atleast 50pips,
This trade was decided basing on monthly and weekly orderflow,
for buyers, take your time wait for the price to reach our targeted point in order to enter the trade
