Audcadforecast
AUDCAD SHORT Looking for shorts on this pair from the box region shown, wait for a rejection candle stick formation on the daily top take a short all the way down to the -61.8%.
420 PIPS RR 7.5/1
AUDCAD bounced from support, potential for a further rise!
AUDCAD bounced off 0.87881 where it could potentially rise further to 0.88221.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD bounced from support, potential for a further rise!
AUDCAD bounced off 0.87682 where it could potentially rise further to 0.87845..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD bounced from support, potential for a further rise!
AUDCAD bounced off 0.87723 where it could potentially rise further to 0.88421.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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
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
AUD/CAD LONG SET UP ON 1HR TFBUY AUD/CAD
Market execution
Entry 1 0.88480
buy limit
Entry 2 0.88380
Sl 0.88237
Tp.1 .88680
Tp.2 0.88980
Tp.3 0.89280
AUD/CAD SELL ON 30MAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea.
AUDCAD SELL AUDCAD sell - looking for rejection around either the 61.8% or the 78.6% for it to roll over to the downside. Watch the region of the two purple boxes for a doji or spinning top formation on the 4hr time frame to take a short position.
Take partial profits at the 0% -20% and finally the -61.8%.
180 PIP gain 5.5/1 RR
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
AUDCAD approaching support, potential for a further rise!
AUDCAD is approaching support at 0.89182 where it could potentially rise further to 0.89518.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD potential reversal!
AUDCAD expected to rise up to 1st resistance at 0.89709 where it could potentially react off and drop down to 1st support at 0.89377.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD keep short until 0.9040.895 could be a very good level for #AUDCAD to start a retracement that will end at 0.904. Then it will decide if going back to 0.914 or keeping the short breaking the trendline.
AudCad LongPrice made an Impulse and then start to move within the channel . There is a fake breakout happened at the place I marked .
Why is it a fake breakout ?
Because after made a breakout of the trendline / channel price move back inside of it !
Currently price is reaching the bottom of the channel and High Liquidity area which I will be monitoring for potential long opportunity only if the price change to bullish environment !
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
