Audcadanalysis
AUD/CADIMO my overall bias in this pair remains bearish
- It is currently getting rejected from a valued-based supply which shows more bearish behaviour and reaction
- Retracement is all I expect, however the market can always prove me and my analysis wrong no denial
- Longs can wait for the value zone to be tapped wait for the price on a HTF to build a bigger base and wait for a huge reaction post the consolidation base
AUDCAD SellFOREXCOM:AUDCAD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
AUDCAD - "Setup in Progress"AUDCAD is making a great setup here , it may rebound from here as it's a strong daily support but if broken down and retest could be great idea for taking a short position here . Always lookout for a fake breakout .
Be patient
Take position only when you get confirmation or follow me to get updates on this idea . Get the great entry here
AUDCAD | Potential Uptrend. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
💡Don't miss the great buy opportunity in AUDCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9310).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.9388
TP2= @ 0.9431
TP3= @ 0.9501
TP4= @ 0.9542
TP5= @ 0.9618
SL= Break below S2
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Go Long : AUDCAD Broadening Rising Wedge AUDCAD has formed a Broadening Rising Wedge pattern on a daily basis. At the moment, the price are just above the lower trendline. The prices are expected to rise with the pair reaching 0.90251 initially and then 0.90675. On the other hand, first support is at 0.89212 and then at 0.88915.
Keep an Eye on AUDCAD Wait for BreakoutWe are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
AUDCAD H4 Technical Chart short direction must watchAUDCAD / H4 / Technical Chart show short direction
Price move inside of the Triangle. if it will break out the upper line of Triangle, D point will break, it will go to Resistance zone. Have another analysis at this pair, please share in comments, we will be glad to discuss.