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Aud-cad

Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 81. Take Profits: TP1= @ 0.9134 TP2= @ 0.9226 TP3= @ 0.9315 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9021). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 81. Take Profits: TP1= @ 0.9134 TP2= @ 0.9226 TP3= @ 0.9315 SL= Break below S2
Long
by ForecastCity
6
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 0.9026 TP2= @ 0.9051 TP3= @ 0.9143 SL= Break below S2
Long
by ForecastCity
6
Don't miss the great buy opportunity in AUDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 0.9026 TP2= @ 0.9051 TP3= @ 0.9143 SL= Break below S2
Long
by ForecastCity
9
AUDCAD Short Term Trade (1:2.67 Risk to Reward)HELLO EVERYONE, Coming to Analysis of AUDCAD : --Price has rejected the demand zone clearly after the stops were taken, and also completed the retracement to 23.6% fib, expecting a ABC Move from here. --Currently I am looking for a short term trade here, will post a new chart for Swing Trade Idea. --Expecting to take entry at 0.89850 with a Risk to Reward ratio (1: 2.67). --The Targets have been defined over Critical Demand/Supply zone to ensure accuracy over the targets. COMMENTS ARE WELCOME >. . To get in touch or our services, please DM.
by AnuragJaiswal
AUDCAD - FOREX - 08. OCTO. 2019Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Prices broke back to averige price movement. 4 HOUR Bearish reaction to previous resistance level. DAILY Bullish pullback in a bearish market, great short entries. - FOREX SETUP SELL AUDCAD 1ST ENTRY @ 0.99540 (Wait for trigger) 2ND ENTRY @ 0.89860 SL @ 0.90430 TP @ 0.88580 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Short
by DACapitalTrading
Divergence trade on AUDCADPAIR IN FOCUS: AUDCAD ACTION: LONG This is a WEEKLY trade and will require some patience. Currently, there are RSI divergence signals on H1 AND WEEKLY charting, with both having opposing views. On the H1 chart, there is BEARISH RSI divergence, while on the Weekly chart, there is BULLISH RSI divergence. I believe the case for WEEKLY is stronger as Bullish Engulfing trigger has also appeared which signals a Long Bias. Method to capitalize on this trade: To short on H1 and then change to Long bias when price rebounds (in line with weekly long bias). The TP level has been indicated, determine your own Stop Loss for this trade.
Long
by TraderMozo
Trading on divergence signalsEDUCATIONAL PURPOSES: There are several indicators that one can employ during the course of analysis. One common indicator will be the Relative Strength Index. What can you draw from this indicator? Overbought and Oversold signals! However, one can also use this indicator to spot divergences in the price and the relative strength! Above are 3 examples of RSI divergences: AUDCAD, AUDSGD and GBPAUD. The main idea is to look out for differing directions between the price and the RSI within the same period. As we can see from AUDCAD and AUDSGD, price was creating lower lows while RSI was creating higher lows. This is an example of a BULLISH RSI DIVERGENCE, and price will soon start correcting. In the case of GBPAUD, another higher high on the price carves out a lower high on the RSI. This shows that there is a BEARISH RSI DIVERGENCE, and price will soon start correcting. Spotting divergences helps with timing of trade entries (whether it is too late or too early), exiting of positions and/or adding more positions. You can also use this as a trigger for a trade (i.e. a Long trade in AUDCAD, or a Short trade in GBPAUD). The time frame that you use to spot divergences will affect how long you have to wait for price to start correcting (i.e. shorter time for H1 as compared to Daily). **One important point to note when spotting or trading on divergences: Observe for price action in line with your bias (bullish price action for bullish RSI divergence, vice versa). RSI divergences can fail should it carve a higher high or lower low that is in line with price.
Education
by TraderMozo
10