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Audcadbuy

Go Long on AUDCAD Longterm Based on 1H, 4H + 1D ChartsSorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon. 30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over. Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018. Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade. Have moved Stop Loss up to now 1.00094 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
1
Aud Cad, a potential breakout patternI believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.
Education
by Dinkan
2
Time to go long? (AUDCAD analysis)Hi guys, with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move. As you can see on the chart i found different clues supporting my view. At first, there are two adavnced pattern formations (Bat, Cypher) already completed at this level. Then, we also have a nice oversold condition on the RSI and price has just touched the 1.618 extension of the previous downward move and the 382 retracement of the daily impulsive move. So, these are the reasons that make me think it could be a nice spot in order to seek for long opportunities, such as double bottoms, engulfings, pinbar and so on. If you want to be updated, follow me. For any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
4
Harmonics on AUDCADHi guys, with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move. As you can see on the chart i found different clues supporting my view. At first, there are two adavnced pattern formations (Bat, Cypher) already completed at this level. Then, we also have a nice oversold condition on the RSI and price has just touched the 1.618 extension of the previous downward move and the 382 retracement of the daily impulsive move. So, these are the reasons that make me think it could be a nice spot in order to seek for long opportunities, such as double bottoms, engulfings, pinbar and so on. If you want to be updated, follow me. For any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2618 on AUDCADHi guys, few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade. Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy). Stops below the lows, target 1 and 2 as in the chart above. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Long opportunity on AUDCADHi guys, few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade. Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy). Stops below the lows, target 1 and 2 as in the chart above. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
I don't care if you go up or down, i can trade anyway!Hey guys, if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD. A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations. Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
by Roker1
I don't care if you go up or down, i will trade anyway!Hey guys, if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD. A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations. Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
by Roker1
AUDCAD @ 1h @ week of decisions (50th week`16)A week of decissions stays ahead this week (50th week`16) ... 1.03975 start of extended downside trendline (november`16) 1.00947 end of extended downside trendline (november`16) This could be an usefully long/short decission helper! 0.99394 1st high this month (december`16) 0.98427 1st low this month (december`16) 0.98439 1st test of this month low (december`16) An OutBreak to the Up/Down Side could be also an usefully long/short decission helper! 0.97291 temporarly summer low 2016 (july`16) 0.97537 temporarly summer low 2016 (august`16) Will both summer lows be usefully support lines? Or will they broken through? If AUDCAD will break down (<0.97291), then are only last year lows next support lines ? 0.91754 yearly low 2013 0.93979 yearly low 2014 0.91513 yearly low 2015 0.93266 yearly low 2016 Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
by Devise2Day