Audcadlong
AUD/CAD - Quick Long tradeHey, I am back with second idea for today, looking at AUD/CAD.
Strong daily uptrend, price broke above resistance area, now we want to long on this support area.
Entry
Above 0.94200
Take profit
Below 0.94480 (28 pips)
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AUDCAD 0.94477 + 0.47% LONG IDEAGood Day Everyone
Here's a look at the AUDCAD pair from a 4H perspective, the pair has been rallying up till we saw that ranging in an ascending triangle which saw a break above today currently pushing down to retest the structure looking for continuation to the upside on the pair significant move with the bulls would signal entry on the pair among other things.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 0.95500
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AUDCAD H4 LONG PRICE ACTION FORECAST The Asian pairs have shown a strong recovery to pre-pandemic levels, with their primary partner China showing clear economic improvement signs, Australia and New Zealand are in a clear bullish trend.
This pair has been trading bouncing from the 50 EMA, the reason why a long entry is placed to capture the next bounce from the FIb level 38,2 to ride a swing trade.
The order:
Type: buy-limit
S/L: 455 pips - R:R | 1:4 -
T/P: previous resistance level level
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AUD/CAD - Buy the breakout.Hey, I am back with another idea, this time looking at minor AUD/CAD pair.
Strategy here is simple, buy the breakout of 0.94200 to 0.94800 = 60 pips.
A lot of bull signs on the chart, daily candlestick has broken 0.94000 but is still not closed. I will update on the smaller time frames, so stay tuned.
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AUDCAD BUY SWING TRADE SETUP.AUDCAD BUY SWING TRADE SETUP.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
AUDCAD LONGAUCAD has been ranging for quite a while. This week we have seen strength on the Australian Dollar which would confirm our fondumental bias.
If we get to break the upper support and successfully retest it I will be looking for entries to the upside. If we do not see a retest or a break the analysis becomes invalid. PLEASE trade safely and MANAGE YOUR RISK!
AUD/CAD Wave Analysis The counter has made a strong move from the low of 0.80 handle to 0.93 handle in just 3 months.
The move could be attributed to a 5-wave pattern and it is now in corrective mode.
It has completed waves A and B is going to kickstart wave C.
The resistance zone around 0.93 handle proves to be a tough nut for the pair despite trying to take it down thrice.
It makes a price action imminent and hence, we expect the pair to be bearish in the short-term.
AUD/CAD - Bearish Volume Incoming!Hello Traders!,
We're nearing the end of this trading week, with lots of great opportunities, I hope we've all been able to capitalise of this lucrative trading week. Here we can see an influx of bearish volume on its way for AUD/CAD pair, taking advantage to see if we can make some shorts.
What Is The Market Telling Us?
Resistance zone of around @0.94000 has been holding for over 3 weeks, with showing multiple strong rejections
We can clearly see the market has been ranging between our support and resistance levels for some time, further consolidation is expected
Bullish volume has been decreasing ever since price has reached our resistance, giving us more confluence of a drop off in price to come soon
When Should We Enter?
Since we're looking for SHORTS on this pair, we can enter the market as soon as a we get bearish confirmation at the resistance
Look for certain bearish candlestick/chart patterns, these patterns will be validated as they will occur at our resistance zone
AUDCAD - SWING - 22. JUNE. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Very bullish price action.
4 HOUR
Prices closed above main sr level and are trading above it.
DAILY
Expecting some pressure shortly and a lift off.
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FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.93310
SL @ 0.92790
TP @ 0.94090
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDCAD - SELLWe are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564