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Audcadbuy

Aud Cad short term bullish opportunityGood evening everyone, I hope you've all been doing well. As per the usual, I am going to keep this short and sweet. I strongly believe that we are headed up in aud/cad to atleast the 0.94810. Elliottwave analysis: If you saw my last post, which I highly recommend, you probably caught the wave a of the wave 5 and have come out with a great profit. This means that it is now time to catch the retracement. Typically I would expect a 0.382 retracement, but I am more than happy taking the conservative target on this one, which is the 0.236 retracement. I think we have finished the wave 5, since we have hit a 1:1 extension of the wave a of the wave 5, which is a strong indicator that this movement is over. Ideally, I think that we could target the bottom of the wave 4, since this is typically where the wave a ends after an impulse wave. Moving average analysis: The only thing that the moving average tells me, is that the target I have is the same as the 1 hour 55 ema, but I didn't take the EMA into too much consideration for this trade, since it wasn't giving me many strong singles. RSI analysis: The rsi analysis is the money maker. As we can see on the 1 hour, we have some strong bullish divergence, which IS WHAT I LIKE TO SEEEEEE. The best part is that this divergence is visible on many different time frames, for example, the 30, the one hour, and a little bit on the 2 hour. MACD analysis: This is indicator is also giving me really bullish signs. Firstly, we can see that there is some huge bullish divergence on the macd for the 1 hour and the 30 minute. We have seen another cross and I believe that we are headed to the upside. All in all, this is the trade setup I am following: Target 1: 0.236 retracement- 0.94810 Target 2: 0.95086 Stop loss: 0.94372 I wish you all the best when trading tomorrow. Stick to your stop losses and have a great time.
Long
by Mika_k
AUDCAD - SWING - 27. JULY. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bearish reaction after forming new highs. 4 HOUR Good long entries after pullback. DAILY Overall bullish market after a pullback, expecting another push to the upside. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95410 SL @ 0.94860 TP @ 0.96210 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
Long
by DACapitalTrading
29
AUDCAD - SWING - 22. JUNE. 2020Welcome to our weekly trade setup ( AUDCAD )! - 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. - 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!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
3
AUDCAD - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bullish price action this week. 4 HOUR Close above main sr level, expecting a rise in price action shortly. DAILY Overall good long entries, nice pa! - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.93360 SL @ 0.92930 TP @ 0.93950 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
Long
by DACapitalTrading
20
AUDCAD - SWING - 18. MAY. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Market dropped towards range low. 4 HOUR Pullback from previous support and close above sr level. DAILY Overall bullish market slowing down and in pullback, good long entries! - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.90700 SL @ 0.90300 TP @ 0.91290 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
Long
by DACapitalTrading
24
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUDCAD)Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
2