Aud-cad
AUDCAD Price hit R2 on the daily will we see a break down? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUDCAD - FOREX - 04. MAR. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish takeout of shortterm short holders.
4 HOUR
New LH formed, down now!
DAILY
Overall bearish market with upsite pullback, great short entries!
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FOREX SETUP
SELL AUDCAD
ENTRY LEVEL @ 0.88170
SL @ 0.88920
TP @ 0.86670
RR: 2.0
Use 0.5% risk!
(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
AUDCAD LONG TRADEAUDCAD rebounded from demand zone at level 0.8725 with strong bullish movement after forming false breakout
Price is rejected from SMA 100 with confirmation of pin bar candlestick pattern
Pair is forming bullish reversal pattern "big W"
RSI is above level 50
First target will be at key level 0.8844
then second target will be at supply zone 0.8954
Analysis on AUD/CAD (short)I have been short this pair since 6/2/20 after it rallied into a great resistance zone. After a confirmation candle closed on the 1D I set a pending order to short this pair. I am looking at taking it to the previous low, but i expect it to move to the bottom trend line as I believe we are now in a down trend.
Risk:reward was 1:2 but after moving my SL to my entry point, this trade is now risk free.
AUDCAD breakout coming!Here we have a possible breakout happening! Confluence of trendlines plus support/resistance zone ! With all that been happening with corona virus and Australia itself, its my belief that we could see a weak aussie and another push lower here!
What do you think?? Care to comment?
AUDCAD Update 300pips We got some pretty great pips here !! Now its time to add one more position! Going for that 0.8600 mark! Right now, price broke 0.8900 support and its testing it as resistance! Last week of january we saw the most recent touch on the down-trend line with a huge rejection.
What do you think?? Let me know in the comments! You can also join me on my group chat!! t.me/tradingbayfx
Major Key Level Reached For Strong SetupThis pair will be important to look at this week because of the weekly SR it made to… it hasn't been there since 2010. So that means this is a major setup forming.
This key level has delivered strong respect off support the last time it was hit. Let's see will it do it again. If not, I have one short TP that I'm aiming for… that is, if it can breakthrough.
BULL TPS:
• 0.88893
• 0.89372
• 0.89801
BEAR TPS:
• 0.86927
AUDCAD - FOREX - 05. FEB. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish price action, no pullbacks so far.
4 HOUR
Very bullish pressure, we need a drop shortly!
DAILY
Good short entries with stops above previous resistance
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FOREX SETUP
SELL AUDCAD
ENTRY LEVEL @ 0.89630
SL @ 0.90140
TP @ 0.88600
RR: 2.0
Use 0.5% risk!
(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
AUDCAD | Strong Support ZonePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 0.88890
TP1 - 0.89310
TP2 - 0.89711
TP3 - 0.90112
SL - 0.88763
Reason: Previously strong support zone retraced the price to Upward inside the Channel. We can initiate a Long position after price manages to close above the support zone.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
AUD/CAD In Range Decision ( Elite Strategy )Aud/Cad is in downtrend, sellers territory but the price is at the bottom of the range so we need to wait on breakout which could be a faker so good protection is to wait on retracement and enter on the next break if we look for sell trade. On the other hand price could climb back to the top of the range. Right now its 50/50 but we always want that odds are in our favour.
KEEP IT SIMPLE !
RISK MANAGEMENT !
DO NOT CHASE THE TRADE !
AUDCAD bearish continuation 200pips!!Price touched recently our major down trend dated back to march '18! Since october, price been consolidation near 0.9120 forming a short-term up trend! I the begining of the month we saw this trendline breakout and after that price did re-test it once and now its re-testing again! Matching perfectly with 0.618 fib lvl ! Entering with 40pips SL on this one!
What do you think?? Let me know in the comments!!
BoC Cuts & RBA Hold - AUDCAD Double Whammy!Highlights overnight going to AUD with overshoots in the U-rate as expected. This number is going to trigger the RBA surprise hold that we have been tracking in this diagram:
Large hands spotted on the AUD bid last ear and will continue to do so as a lot more unwinding of positions needs to take place from those betting on FURTHER rate cuts. Tracking 0.692x in AUDUSD as a sensible target from the initial knee-jerk reaction.
The strategy for the flows from the AUD side in the chart have been dissected here in this diagram:
On the CAD side , Poloz caught me by surprise with a very dovish BoC. This was particularly surprising considering his pokerface at the fireside chat only two weeks ago! Focus now shifts onto whether this will be a “one off” cut…in my books the move in USDCAD should be contained by the 1.32 handle - the data (although below par) is not weak enough to justify a full blown cutting cycle. On the positioning side , long and medium term flows are still betting heavily long CAD so expect 1.32xx to provide a good opportunity to re-engage with a swing back towards 1.28xx later in the year as those longs from the recent rally begin to unwind.
Good luck all those in AUDCAD and holding for the long-term, this is going to the highs like a knife through butter. As usual, thanks for all the support with likes, comments, charts and etc !!