AUDCAD moving perfectly The price came down as I said on the forecast of August 18, since the price has come all this way down, I believe it might follow the same patter it did back on May 2019 and the next target will be the trend line for at least 80PIPS and in a bit of a long term the next target will be the purple zone.
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El precio hizo lo que había enviado en la idea del pasado 18 de Agosto, ya nos toco la primera zona y al haber llegado hasta este nivel me hace pensar que siga el mismo patron que el precio hizo en Marzo del 2019, dándonos como siguiente meta la próxima linea de tendencia y a un poco mas largo plazo la zona marcada.
Audcadforecast
AUD/CAD SHORT SET UP (1Month TF/1Week TF/8Hour TF)AUD/CAD SHORT SET UP ON (1Month TimeFrame/1Week TimeFrame/8Hour TimeFrame)
SIGNAL BELOW
TITLE/(DATE)- AUD/CAD
ASSET- Forex
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 4hr
ENTRY PRICE 1- 0.95980 (pending)
ENTRY 2- 0.96260 (pending)
STOP LOSS- 0.96480 (50PIPS)
TAKE PROFIT 1- 0.95480 (50 PIPS)
TAKE PROFIT 2- 0.94980 (100 PIPS)
TAKE PROFIT 3- 0.94480 (150 PIPS)
TAKE PROFIT 4- 0.93980 (200 PIPS)
STATUS: Pending
AUDCAD H1 LONG PRICE ACTION FORECAST After testing the demand zone, the price has rejected and wasn't able to form a fresh new low, indicating that upward momentum is coming. Confirmation after the news release from Canada tonight at 8:30 pm HK time we could confirm this buyers pressure over the AUD
The order:
Type: buy-stop
S/L: 14 pips - R:R | 1:4 -
T/P: previous high
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AUDCAD, LETS GO!*ENG*
- Price reaching our major supportive zone, we will be 1st looking for a possible reversal, giving us a long entry.
- If price breaks, we will be looking for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, primariamente estaremos à procura de uma possível entrada para long.
- Caso o preço quebre, iremos aguardar pelo retest em ordem a fornecer uma entrada para short.
AUDCAD, GOING LONG!*ENG*
- Price breaking and retesting our 38,2% level.
- Performed a Morning star at the 1H timeframe, expecting an increase in price.
*PT*
- Preço a quebrar e a efetuar o retest da nossa zona dos 38,2%.
- Obtivemos uma morning star no timeframe de 1H, dando assim ênfase a uma subida do preço.
AUDCAD H4 LONG PRICE ACTION FORECASTAlthough price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse).
The current structure allows the setup for a countertrend position to capture the pullback.
The order:
Type: buy-limit
S/L: 24 pips - R:R | 1:2.5 -
T/P: descending trendline
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AUDCAD H4 SHORT PRICE ACTION FORECAST -UPDATE-Adding a new short entry to scale up the position, if the price can continue its downward movement, a sell stop entry will trigger the new order.
Already scale-out part of the profit from original entry and stop loss level adjusted accordingly.
The order:
Type: sell-stop
S/L: 35 pips - R:R | 1:4 -
T/P: demand zone
AUDCAD H4 SHORT PRICE ACTION FORECAST Price has recently broken the neckline from the H&S, confirming the seller pressure over the AUD. It allows the setup of a short entry after the expected pullback to retest the neckline.
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:6 -
T/P: demand zone
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Buy the dip in AUDCADAUDCAD is consolidating for the last few days. However, the uptrend is still intact. The recent pullback is just a small correction in my opinion.
I have already bought AUDCAD and will be buying again if it drops to 0.9550 level. TP for this trade would be 0.97 and SL will be placed below 0.95
AUDCAD ROADMAP currently, price playing inside a trendline channel and potentially forming top formation (H&S pattern), bearish divergence on MACD indicates as the first sign of reversal might occur if the buyer failed to break out the 0.9690 resistance level.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUDCAD up or down?AUDUSD
The price has come down the way we wanted to and right now Im hoping for the price to reach the green line near level 0.95305 and go back up again. What are you thoughts?
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El precio hizo lo que estábamos esperando al bajar hasta la linea de tendencia negra y ahora espero que el precio llegue a tocar la linea verde cerca del nivel 0.95305 y vuelva a subir de nuevo. Que piensan ustedes de este par?
AUDCAD - BEARISH BIAS.#AUD - Bearish Mode
Recap:
1️⃣ Aussie down because of the rising COVID-19 cases in Australia,disappointing business confidence data and global risk sentiment moved towards negative.
2️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government.
Review:
1️⃣ Australia CPI For Q2
- Bearish prediction — Dropped in consumer inflation expectations in Q2.
2️⃣ 2nd quarter GDP figures from key economies, COVID-19 news, and geopolitics will remain the key drivers. A jump in new COVID-19 cases and deteriorating relations with China would likely test support for the Aussie Dollar.
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#CAD - Bullish Mode
Recap:
1️⃣ Retail sales bounced back from April’s slump, with inflationary pressures picking up in June.
2️⃣ Crude oil prices also headed northwards in the week, providing the Loonie with support.
Review:
1️⃣ Canada GDP for May
- Bullish prediction — Stronger trade balance and retail sales.
AUDCAD on an important level.The price is oscillating on a respected area from the past, im hoping for the price to go a little lower reaching the Ema 89 near the resistance line and then move up near level 0.96085.
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El precio esta oscilando en un area que ha respetado en el pasado, espero que el precio baje un poco mas, llegue a la linea de tendencia dibujada tocando la Ema 89 y luego suba cerca del nivel 0.96085.
AUDCAD H1 SHORT PRICE ACTION FORECAST Price action manages to break through the ascending trendline, with a retest of the broken line, and pass through the 200MA as the last line of defense for the coming bearish momentum. Now, expecting a pullback fro further downtrend continuation, a short entry is placed.
The order:
Type: sell-limit
S/L: 15 pips - R:R | 1:2.5 -
T/P: coming support level
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AUDCAD on an important levelAfter the price reached the level I wanted to , 2 things can happened on this level, the price can either used it as a floor and continues it way up or use the level 0.96085 as a ceiling and come all the way down near the level 0.95305.
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Despues de haber llegado al nivel esperado ayer, pueden pasar 2 cosas, el precio puede respetar esta zona como piso y seguir subiendo o usar la linea del nivel 0.96085 como techo y bajar a la linea cerca del nivel 0.95305.
AUDCAD H4 LONG PRICE ACTION FORECAST This pair has been in a smooth but continue bullish trend, heading toward previous high from April 2019, it remains to show uptrend momentum. Today rally was supported by the pessimistic Core Retail Sales m/m from Canada putting a weakened Canadian dollar under additional sellers pressure.
I expect a pullback to the confluence zone from the recent resistance area, for a further uptrend momentum.
The order:
Type: buy-limit
S/L: 33 pips - R:R | 1:3 -
T/P: resistance level from previous swing high
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AUDCAD going upAs per the analysis sent out yesterday, it looks like the price respected the green line as ceiling coming down to touch the orange trend line nearly touching the Ema 89, therefore Im hoping for the price to come all the way up to the next important level near 0.96085
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Basándome en el análisis de ayer parece que el precio respeto la linea verde como techo en vez de romperla, lo bueno fue que llego a tocar la linea de tendencia naranja cerca de tocar la Ema 89, lo cual me hace pensar que va a volver a subir cerca del nivel 0.96085.