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.
Audcadlong
AUDCAD Technical Analysis H1
Welcome back Traders, Investors, and Community!
Hi Traders, AUDCAD on H1 has been making HHs and HLs. It also has broken above the Resistance line and retested it. Before going up it might go to around 0.93150 and then goes higher to 0.93470
⬆️Buy now or Buy at 0.93150
⭕️SL @ 0.93084
✅TP1 @ 0.93470
✅TP2 @ 0.93765
✅TP3 @ 0.93937
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
💥AUDCAD CONSOLIDATION VALID - LONG TO 0.93820Please support this idea with a LIKE👍 if you find it useful🥳
AUDCAD - BUY ORDER📈
Entry point: 0.93900
Sl: 0.9251 (38 pips from entry)
Tp1: 0.93500
Tp2: 0.93800
Risk/Reward: 1:1.6 - 1:2.39
Right here is AUDCAD consolidation. As we can see, we have two credible support levels. Price unable to break the support level which makes the consolidation valid. Therefore we go long.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
AUDCAD: intraday longHi Traders,
This is my view on this pair for the next few days
#AUDCAD
BUY 0.93
SL 0.9277
TP 0.9371
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
AUDCAD - FOREX - 21. JUNE. 2021Welcome to our weekly trade setup ( AUDCAD )!
-
1 HOUR
Bearish pullback towards main sr level.
4 HOUR
Closure above support zone.
DAILY
Expecting further upside movement..
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FOREX SETUP
BUY AUDCAD
ENTRY LEVEL @ 0.93200
SL @ 0.92940
TP @ 0.93840
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN