Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone. 🏹 Thus, the highlighted red circle is a...
Another leg down is expected before this weekend. Keep eye on it for an impulsive move down before Friday closure.
Pair Name : AUD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long After Retest ) Type : Mid Term Swing ——————————— Bullish...
The pair starts feeling heavy, and the chances of lower GOLD price and steady OIL at the lower level,s may push it through the GANN support 0.9020 area. The AO also is negative, helping the strategy work perhaps. Strategy SELL @ 0.9010 - 0.9035 and place SL above 0.9065. Profit order @ 0.8907.
💹 Let's review the analysis of the AUDCAD currency pair that we did together some time ago and examine the possible positions. 📊 In higher timeframes, like other forex pairs, we are still within a range and merely oscillating in a long-term box, which provides suitable trends for us in shorter timeframes. 📝 In past analysis, we mentioned that after breaking...
Looking from above, on the Daily it is a bullish flag. On the 1H we are in the low portion of a Range pattern with high volume (resistance for lower prices) @ the bottom with many wicks also on the individual candle bottoms. Entry @ .90290 Stop 1 taking 50% off @ top of the range .90560 Risk/Reward 1.15 Stop 1 remaining 50% off @ .90960 Risk/Reward...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDCAD has been overall bullish, trading within the rising wedge in red. At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone. Moreover, it is retesting a strong resistance zone in blue. 🏹 Thus, the highlighted red circle...
AUDCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
AUDCAD is in reversal mode. Bearish divergence also shown in RSi. Rising wedge reversal pattern also form. Market sentiment is also in short. These strong indication say that trend will definetly be reversal here. we further more confirmation if trend will breakout the last HL.
Expecting this 4hr fvg to hold and take the high. Waiting for additional confirmation on the lower time frame to confirm
My dear friends, Please, find my technical outlook for AUDCAD below: The price is coiling around a solid key level - 0.9082 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9099 About Used Indicators: The pivot point itself is...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
AUDCAD current trend is bullish, sentiments 91% bearish, bearish divergence, break of lower line of bullish channel and retested, so there is possibility for reversal, trade plan mentioned on the chart.
LOOKING FOR SELL opportunities on after the break of the previous low , until that happens ill sit on my hands n wait
The AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea. Remember,...
Price has been stuck in range for the past week and is likely to break lower soon. Aussie is bearish across multiple pairs, and I think taking any pair should do well. I would like to see a break of the range and some consolidation before impulsive move lower. If price snaps back into range, then close it, as a retest of the high is possible. Good luck!