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Aud-cad

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
Not Going To Go Down Too Much FurtherI missed the trade setup with the bearish harmonic last week. Shame on me. Bad Nika. Now that it's almost over since the trade is sitting at a daily SR level with rock bottom RSIs on the 4hr, daily, and monthly, it's time to say buh-bye to the short and get ready for potential trade setups for next month. On the monthly, we have a doji formed at the bottom of the bearish trend sitting on the daily key level and the RSI at rock bottom. I'm looking for the setup for a swing trade this week or the bull run to begin. I'm patiently waiting for the market to make its move. Here are my TPS for now: BEAR TPS: 0.89453 0.89155 [b [BULL TPS: 0.89873 0.90132 0.90529 0.90892 0.91256
Long
by NikaJourney
Sell opportunity in AUDCAD AUD/CAD is witnessing a sell - on rally from 0.9090 level. It has recently made an attempt to pierce through an uptrend line prevelant since 30th August in 4 hours chart. The decline in the pair is in accordance with the RSI that has already indicated a short spree in the pair at 53.90 level. Furthermore, the pair has also formed a head and shoulder chart pattern in the hourly chart that again supports the selling in the pair. Thus, a sell in AUD/CAD is preferred at 0.9050 Trade Information : Sell- 0.9050 Target- 0.9008 SL- 0.9086
Short
by rubal_ahuja
AUDCAD Buy opportunityAfter a recurring descending trendline breakout and obvious bear cessation, the price hit a powerful support made visible by a double bottom. Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look to place my long positions above the current target/resistance. Good luck and follow me for more ideas!
Long
by UnknownUnicorn4565572
AUDCAD could be close to rocketing up to touch 0.92400 againAUDCAD has signaled a long opportunity that could be very rewarding, a 1:2.27 risk-reward ratio, if we put enough patience and trust our analysis: 1. Since April 2019, price has been following a downtrend, with the aussie dollar showing quite a lot of weakness, due to worsening economic conditions, and heavily affected by the US-China conflict, as China is Australia's main trading partner. The CAD has been performing quite well, sustained by a Bank of Canada not so dovish tone last week. Since touching the trendline, coinciding with our monthly resistance, price pushed with strength to the downside until reaching the psychological level around 0.89000. Since then, price has been consolidating without a clear action, not giving us any clue about where it could go next. 2. With the start of september, price started to recover. Significant price action to the upside ocurred, breaking through the 4h resistance zones identified in the chart. 3. Finally, price came back to retest our trendline + 4h resistance, managing to break both zones with a generous bullish engulfing candle. Price has continued moving a little bit more to the upside,signalling that this could be the moment where bulls could start to finally take control, as the trendline hadn't been broken since it started forming in april 2019. This night we could see price retesting our 4h support around 0.90500, if you want to try to get a cheaper entry take this into account. Personally, I'm entering now as I believe this trade has lots of potential to start pushing with great power right now. Sl: around 0.89500, leaving a little bit of room after the 4h support Tp: 0.92400, the next monthly resistance. Good luck and enjoy trading!:)
Long
by albc
AUDCAD - Education - Thoughts on Monday 9thRecently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet, but the mommentum is weak. Feels free to ask questions. Subscribe to our channel and don't miss new sugnals and educaional posts.(Wa have just opened)
by ForexCoaster
AUDCAD Double Bottom PatternThe AUDCAD has been in a prolonged downtrend, and has created a double bottom pattern. Awaiting for a daily break above the resistance zone of 0.9045. Ideally, would like to see this break confirm a higher low swing which would entail prices dropping initially rejecting the resistance zone before breaking above. Although, you can already say this has already happened on the 12 hour timeframe. First target would be the flip zone at the 0.9250 zone. Awaiting the break and close on the daily.
Long
by Uncharted-FX
AUDCAD: Correction Movement or Trend Reversal?This market should be added to a watchlist. The price bounced from 0.89000 support, and we can see that this zone can be a starting point for a correction movement or a new uptrend. If the price breaks the local swing high, the downtrend line and moves above the nearest resistance level, we should think about buying with stop orders below the local swing low and the main profit target at 0.93000 resistance level. Until the price stays below SMA200, we have to talk about the bearish trend. It means all reversals from SMA100, SMA200, and resistance levels can be used for opening sell positions. For such sell trades, the stop orders must be placed above the local swing highs. The profit target should be at 0.89000 support zone. All trades must be used with stop-loss orders, and it's better to use trailing stops too. For getting better entry levels, use the lower timeframes.
by DLavrov