AUDCADIf we check daily Timeframe we can clearly see it closed under channel again thats why it could reverse down aswell.
Trade ideas
AUDCADAUDCAD 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 target will be next resistance marked on the chart.
algorithmic traderetest 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 4 Hour Analysis (31 May 2023)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 4 Hour Analysis (23 May 2023)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
AUDCAD SHORT POSSIBLE CASESin this chart i market the valid market structure and valid OBs
both cases are explained on the chart
AUDCAD 4 Hour Analysis (17th May 2023)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.
AUDCADShort AUDCAD #intraday..
Trading near its Resistance Levels Marked on Chart.....
@VishwajeetSharma
AUDCADPrice 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
AUDCAD BUYS 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.
audcad forming H & S patternlikely to go down on daily chart.
after a small uptrend there is an head and shoulder patter
AUDCAD 4 Hour 18 April 2023 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 - "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 4 HR (5 April 2023)AUDCAD 4 HR
1. It created a range,
we need to wait for entry
2. Expecting bullish movement
based on BOS
audcad FX:AUDCAD
Hey guys here you can see in AUDCAD pair has created Head and Shoulder pattern in 4HR time frame if the neck line is broken and if it gives retest at the neckline level, Then we can plan for selling side. Plan your trade accordingly....
AUDCAD 4 Hour (03 April 2023)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.
AUDCAD 4 Hour Analysis (30 and 31 March 2023)AUDCAD 4 Hour Analysis:
1. Price is in one important demand zone
2. We can observe a trend,
need to wait for breakout
3. MACD histogram is making divergence
4. MACD and Signal Crossover indicating bullish
(Plan B: if Demand becomes support,
we need to look for sell opportunities
AUDCAD 27th March 20231. Created a Demand and Resistance zone
2. divergence created already,
will wait for trendline breakout
3. Also in 30 min a proper
divergence, so will wait for entry.
Prediction: after a correction it can break
AUDCADThe AUDCAD pair broke out of a descending channel and successfully retested the breakout level, indicating that the downtrend was over and that the market was likely to move higher. This provided an opportunity for a long entry in the pair, allowing traders to take advantage of the potential uptrend.
AUDCADWe saw AUDCAD Short Because, AUDCAD Breakout Ascending Trend Line or move To 2nd Ascending Trend Line.
AUDCAD MAKES NEW HIGHSPrice is on a high move to the bullish side based on past events, now I expect price to break it's recent resistance zone and test it before heading to the 0.95500 zone.
Please share and give a follow.
Thanks and have a great week.
