Audcadanalysis
AUDCAD Trade IdeaQuasimodo Pattern sited! A great opportunity for buyers to get in at a good price.
In this video, I walk you through the setup so that you learn to do it on your own.
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This will probably play out Sun/Mon. Would be nice to start the week with a banger trade, eh?!!
Wait for complete consolidation pattern, confirm uptrend AUDCADH1 time frame.
Structure: Break downtrend, break key level.
Wait for complete consolidation pattern and confirm uptrend to buy.
Target is next resistance at 0.94000.
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Wish you all have a good trading day!
AUD/CAD:UPDATE SWING FIBO TRIGGER|BEARISH|SHORT SETUP🔔Trigger Reached .
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AUDCAD AnalysisPrice is currently trading within and continuing to form a decending widening wedge (which still hold even on the D1). I made a further analysis on the H4 and foound that price has formed a decending widening wedge too. We are currently nullish from a second resistance trrendline touch. I believe price will continue long until it gives us the third touch on the resistance trendline, before dropping again. On the third support line touch, I expect price will give us an impulse move up (assuming price doesnt break below. In the meantime, I will be looking potential entry opportunities to ride the wave up.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
AUD/CAD:DOWNTREND CONTINUATION|TECHNICAL+FIBO ANALISYS|SHORT🔔Welcome back Traders, Investors, and Community!
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Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
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Have a Good Day Trading !
Wait for break key level for the pattern to complete with AUDCADH4 time frame.
Structure: Downtrend with Simple Flat.
Pattern: Simple Flat reject resistance at 0.94000.
Key level at 0.93000. Wait for break key level for the pattern to complete.
Then wait for set up to sell.
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Wish you all have a good trading day!
AUDCAD ANALYSIS My previously prediction is that price would go from bearish to bullish within the green killzone area. As you can see, the previous resistance level was never broken to confirm that price would reverse. I am currently waiting for a higher high, higher close to form and for price to break the current resistance level before entering.
AUD/CAD New Short Setup To Catch 170 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Check the status AUDCADDescription :
It seems that a relatively strong downtrend has started and now it has reached a support that has a high credibility and we are witnessing a situation of suffering and a resistance and a trend line. There are two situations. If the support breaks, we can follow The downward trend will continue, but if it breaks the resistance and the trend line with strength, it can be said that the downtrend is not so strong and it is possible to report the spread of suffering or an upward trend.
AUD/CAD Best Sell Area Very Near To Catch 190 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Monthly!!!!There are a few confluences that make the situation interesting with this pair.
Confluences:
1. Price is over extended
when price is over extended we can expect a retracement
2.We have the shoulder, head and_____
we can expect the completion of the head and shoulders. With the movement that we expecting the patter will be complete.
3. M formation
We can expect the retracement to the neckline for the completion of the pattern
4.The .618 fibanacci retracement is in confluence with structure specifically with the neckline
With all the confluences that we have in our favor we can expect the price to make the retracement to the .618 Fibonacci level.
THIS IS ONLY A ANALYSIS FOR DIRECTION OF THE PRICE ONLY. FOR ENTRIES USE YOUR OWN RULES IN LOWER TIME FRAMES.
THANK YOU FOR YOUR SUPPORT.