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Audcadforecast

AUDCAD (MEDIUM TERM) TIME TO BUY?The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little longer than short term. If you are going to trade this, i suggest you watch it as bulls have not been strong at all
Long
by ANGBlack
1
2 short trades for #AUDCAD#AUDCAD touched an important resistance and the upper trendline of the bearish channel on Daily. Maybe, it's not enough to enter for a short but we can start to build our "cage" with low size. The strong bearish movement will probably begin from 0.9033 which is a previous high impulse (Jan 23rd). So we can suppose for a double trade: 1. Entry point: 0.9033 SL: 0.90513 TP1 0.9001 (for an Intraday Trade) TP2 0.888 2. Entry point: 0.8986 SL: 0.90513 TP1 0.888 TP2 0.882
Short
by kitchen_trading
Trading Pathways Analysis of AUDCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Short
by Trading-Swing-Pathways
Closer Look at AUDCAD - Short BiasI believe price will be making a move downwards but awaiting confirmation. Price recently broke below the long-term trend line and now has a nice pullback up to the same trend line. My fibonacci levels are based on the downwards impulse move that broke the trend line. My two predictions are as follows: 1) Price will move below the 38.2 Fib level and break the shorter term trend line before moving down to around the 0.89100 area 2) Price will consolidate, push up above the 50.0 Fib level before finding resistance at the 61.8 Fib level and then another impulse wave will bring the price down again to the 0.89100 area
by RingerFX
AUDCAD trade idea on H1Plan : trendline breakout --> wait for prices to bounce off horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3