If we check daily Timeframe we can clearly see it closed under channel again thats why it could reverse down aswell.
AUDCAD is moving in channel since long on bigger Timeframes. It finally broke above the channel on 4h and 1h but the daily candle closed under again. So we either go short on breakdown below 50 EMa and strong level 0.88600 or we wait and see if a strong bullish candle forms & closes taking rejection from downside ( support from channel ) we can plan long then and...
retest on the fvg ob and old high leading to a move to the upside hitting the -1 fib level taking out the highs on its way following the daily bias after rebalancing the daily imb and breaking the intermediate term high
AUDCAD Trading Ideas 1. The price is respecting the trendline 2. We have divergence in MACD and RSI 3. Bullish divergence referring the price to come to KL1 4. If KL2 Breaks, we can wait for bearish entry
AUDCAD Trading Ideas 1. Inside candle can be found in daily timeframe 2. we are near the strong demand area 3. Two important key levels for bullish or bearish break confirmation
in this chart i market the valid market structure and valid OBs both cases are explained on the chart
Trading Ideas on AUDCAD 1. The price is inside the daily keylevels 2. If the Keylevel 2 breaks we can think for bearish entry 3. as the price is in strong demand and support zone so, if the price creates a zone, we need to wait for the zone or consolidation to break then we can go for bullish entry.
We saw AUDCAD Long Because, AUDCAD Descending trend Line Breakout or Retest Complete.
AUDCAD looking Good to Buy at CMP: Buy at CMP for Good Risk:Reward. @VishwajeetSharma
Short AUDCAD #intraday.. Trading near its Resistance Levels Marked on Chart..... @VishwajeetSharma
Price approach at area of value and made trend reversal pattern formation of double bottom with neckline break up of change of Character and taking pullback confluence at trendline we can expect buying opportunity once made proper price action
A major bearish structure has been broken. Waiting for the minor bearish structure to be broken and retested of a change of direction going long.
likely to go down on daily chart. after a small uptrend there is an head and shoulder patter
AUDCAD 4 Hour 1. Divergence in 4 Hour with RSI (Line Chart will give prominent divergence for this) 2. Still in Range and in strong Demand area 3. The circles indicating the market is still in bearish, so we have to wait for entry.
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 4 HR 1. It created a range, we need to wait for entry 2. Expecting bullish movement based on BOS
AUDCAD 4 Hour 1. Creating chart pattern (We need to wait for break) 2. Creating divergence, so we can get some sudden trend change. 3. Key levels: Sudden bullish trend if break 0.91026, sudden Bearish trend if break 0.90293 Waiting for short bullish then bearish. So, we have to wait. For now, neutral.