AUDCAD TRADEHere looking for 1/4 RR in AUDCAD. It's a continuation trade from a downtrend, but i believe the price is gonna start the reversal, that's why i have my TP in that zone.,
Trade ideas
My first Orderblock Backtest!An H4 demand zone with good price action (SMFC) that hasn't been tested. Break of structure on the 1Hour time frame with a possible shift in trend while keeping in mind the news (red flag) creating volatility. Created a good reaction off the point of interest :). Experts in this strategy please feel free to be as critical as you can and point out if there's anything i missed or should correct. Thanks! excited to see how this plays out :D
AUDCAD potential 3 levels to the upside (mark up phase starting)we have got extended move to the downside, + we have even achieved 3x ADR + 3(psychological no.) pushes to the downside market makers have formed sweet W which tells we are going mark up phase
AUDCAD 4HRIt's on an ending structure and looking bullish in the bigger picture, after the trend breakout look for a long term buying opportunity.
AUDCAD AUDCAD looks bullish. View shared for educational purpose only, take trade based on your risk management
Short & long term analysis for AUDCADFrom looking at structure with a top down analysis I have placed some areas that I see price most likely coming to both short term and long term. I have placed an alert at 0.92197 to see if price gets to my POI for a potential long position.
AUD/CAD 100 DMA Resistance * 100 DMA resistance
* 1.13 XABCD
* 0.93500 is strong resistance for upside
* RSI divergence on 4 HR
* HEIKIN ASHI DOJI on 4HR
* Bollinger squeezed on 1 HR
* Triple top pattern on 1 HR
AUDCAD going down down down 📉AUDCAD is quite bearish!
Potential down move can be seen next week once the market is open.
Enter on intraday timeframe.
ALL THE BEST!
Support and Resistance Not price! Its a Area(Range)Do you know Support and Resistance is not a Price, It a Area (Range) .
Every time price came to this Area (Range) it respected the Area very well as you can see in the chart.
Rule :- Whenever support is broken its become resistance. And when Resistance is broken its become support.
Hit Like and follow for more future updates.
AUD/CAD multi year support* ABCD 2 pattern
* RSI divergence on 4HR and Daily chart
* Initiate buy after channel break
* 0.91 handle is a multi year support
* Stop loss at 0.91100
* ADX crossed 20
20/08/21 reversal patternhead & shoulder formes also DAY and WEEKLY candles also favour to this pattern try. may it's working 50% because today Friday weekly may influences the market so cation with the stop loss
AUD CADLast week onwards, waiting for this move. still waiting for LONG run. Use proper risk management.
Long opportunity in AUDCADNote :- Given trades are educational purpose only . Trade at your own risk .
AUD CADIf it breaks the trend line, then looking for a long.
if it break Trend line, it will make inverted head and shoulder pattern
