AUDCAD LONG/BUYBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
Audcad4hr
AUDCAD Trade Alert - Bearish Setup at Key Support Breakout.Bearish Trendline at 4-Hour Time Frame:
AUDCAD has been following a bearish trendline in the 4-hour time frame, indicating a prevailing downward momentum in the market.
Observation of Dow Theory:
Additionally, the market has been adhering to the principles of Dow Theory, reinforcing the bearish sentiment.
Retracement and Rejection:
A retracement up to the 0.5 Fibonacci level was observed, followed by a clear downward rejection, suggesting strong selling pressure at higher levels.
Current Position at Key Support Zone:
Presently, the price is hovering around a critical support zone, signifying a pivotal area where significant price action is anticipated.
Trade Setup:
We anticipate a continuation of the bearish move if the price breaks below this key support level.
Entry Strategy:
A prudent entry point for short positions is identified near 0.88863, aligning with the bearish outlook.
Risk Management:
To mitigate potential losses, a Stop Loss is recommended near 0.89279, providing a buffer against adverse price movements.
Profit Targets:
Our profit-taking strategy involves targeting TP-1 at 0.8450 and TP-2 at 0.88030, reflecting our expectation of downward price movement.
Conclusion:
In conclusion, based on the technical analysis of AUDCAD, we anticipate further downside potential, with a well-defined entry point, risk management, and profit-taking levels in place to optimize trading outcomes.
AUDCAD analysis. Hello traders, AUDCAD analysis. Wait for buying opportunities from the support areas. Good luck
AUDCAD: How low can you go? Australian dollar against Canadian dollar is a fascinating pair.
And from historical chart patterns, we can conclude that AUDCAD is in a descending channel.
Our bias will be to follow the trend down and exit early.
AUDCAD Continuing with Uptrend?Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD
, To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs,
that give enough information of why I think we might be going back up again :
The Relative Strength Index is about to reach the 30.00 Mark, Which symbolizes that our Graph is oversold on the 4H time graph
Our graph has touched the 4H Trendline
It is in a zone of Support, it Touched this area more than 5 times already
This is not financial advice, Although if you do take this, I wish the best for you.
AUDCAD 4Hr short
Overview:
Long Trade currently in play for Target 0.94720 as described in attached link:
However, reversal/ pull-back is likely starting from current price through 0.93556 for target 0.91474-- Therefore confirm reversal cues at 0.93556 prior executing short entry or closing Long position.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
AUDCAD 4Hr Long!
Overview:
Price has completed very important tests at 0.90297.
Currently, price is trading inside 0.89694 | 0.91411 Buy-zone.
From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price--
Or
Price could advance for tests at Target 0.94720
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
AUDCADHello traders. Due to the positive divergence in the daily time frame and the break of the downtrend line, I expect the price to rise to the wedge ceiling. Be profitable
AUDCAD 4HR PRICE-ACTION LONG!Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, (...) Thank you and Happy Trading.
Take Short position on AUD/CADAs you know few days ago price reached to it's highest level since 2018 because of monetary policies of Canada Central Bank and now we expect to see it goes down to the lower level again.
AUDCAD - (Continuation) LONG; Buy it up!!If not LONG, yet, buy it up right here!!
This is a continuation LONG from the previous post;
AUDCAD on a retracement and then upThe price respected the Ema 89 and I believe it will respect the channel as it has been doing it, touch the purple line and then go up to touch the middle line.
.
.
.
El precio respeto la Ema 89 y creo que el precio respetara el canal dibujado como lo ha estado haciendo, tocara la linea morada y espero que vuelva a subir a tocar la linea media del canal.
AUDCAD FORECAST 4HRGOOD LUCK
-----------------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
AUDCAD LONG! Multiple Opportunities On 4HrPrice is at the moment trading below a trendline that's due for test.
Break of trendline to upside validates upside targets above trendline.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
AUDCAD LONG! 4HR Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea?
Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
AUDCAD (MEDIUM TERM) TIME TO BUY?The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little longer than short term. If you are going to trade this, i suggest you watch it as bulls have not been strong at all
Trading Pathways Analysis of AUDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
