AUDCAD - Let's go test the level.preconditions:
-global uptrend
-local uptrend
-mirror level
-accumulation
Push like if you think this is a useful idea!
Thanks for your support!
Audcadforecast
AUD/CAD Continues it's bullish momentumHi Traders
AUD/CAD Signal (Daily Timeframe)
A medium to high probability, entry to go LONG is forming @ 0.98993 after the market found support @ 0.97130.Only the downward break of 0.97130 would cancel this bullish scenario.
Trade details:
Entry: 0.98993
Stop loss: 0.97130
Take profit 1: 1.00092
Take profit 2: 1.01955
Take profit 3: 1.04992
Score: 9
Strategy: Bullish Breakout
AUDCAD Distribution for short position Supply zone 0.9840-9870 professionals increased short Aussie 2k by last week, Cad increasing long positions, mushroom shape formation for short position.
AUDCAD - Buy Entry - D1 Daily ChartAUDCAD - Buy Entry - D1 Daily Chart
Buy @ Current Market Price or on a pull back into the Buy Zone
Stop Loss @ 0.5% to 1% of your Account Balance
Take Profit @ I will update when to close - Follow me to receive updates ✅
Please support the idea with a Like 👍
Follow me to receive updates of this analysis, plus new ideas ✅
Thank you for your support 😊
Wishing you successful trading 🙏
------------------------------------------------------------------------------------
🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
------------------------------------------------------------------------------------
AUDCAD; This pair seems to be loosing steam.... and that would not bode well for equities. Pandemic lows test??...
Here is the previous post;
Here is the Daily;
AUDCAD sellHi Traders,
This is our view on this cross for the next few days.
#AUDCAD
SELL NOW
SL 0.97740
TP 0.97220
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
———————————
Trading Kitchen
AUDCAD, Breakout Expected...!As salam alaikum
Watch this zone more closely.
0.99 M,W,D rejection zone.
Bearish Channel Formation.
I'm expecting a breakdown till
0.92 atleast if and only if AUD
gets weaker else It could break
above 1.00 zone.
AUDCAD Price At Support AUDCAD Price at trend line support breakout above will send price higher
Breaking the support will send price lower to next lower support zone.
AUDCAD / ShortI believe this is still valid, we are having a small retest of resistance before it falls
AUDCAD | Perspective for the new weekIt appears that the rally that began early Dec 2020 has found a reversal point as the appearance of a Double Top structure becomes visible.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern (Double Top) | Breakdown | Supply & Demand
Observation: i. DT: Bearish technical reversal pattern forms after the price reaches peak @ CA$0.99000 two consecutive times with a moderate decline between the two highs.
ii. The Breakdown of Bullish Trendline @ CA$0.98400 emphasizes a change in direction as price action disregard Trendline.
iii. I shall be patience to watch out for weakness in the strength of buyers at the Demand zone (CA$0.98000) which is also the Neckline for signal confirmation.
iv. Please note that a significant breakdown of Demand zone might see the price go into a correction phase where buyers will try to push the price up from this level one more time; when this happens, CA$0.98200/0.98400 shall be a Sell window for me in the coming week(s).
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AudCad can drop 200 pipsDecember was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98
Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken.
Sell rallies can be a good strategy
📢AUD/CAD Long. Potential intraday setup 👍This pair is looking very bullish. Waiting on a retracement back around the highlighted area to jump in on a lower timeframe. Its on the watchlist 👀👀👍
AUDCAD - buy after Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
