Audcadidea
AUD/CAD Last Entry Running In 40 Pips And The Old 100 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Running In 100 Pips Profits And New 2 Entries Added This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD New Update +70 Pips , Will Hit Last Target Tomorrow ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Made A Head&Shoulders PatternThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Running In 75 Pips Profits This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD New Setup To Catch 100 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Multi-Timeframe analysis (08/03/2021)Hi Traders
AUD/CAD Multi-Timeframe analysis (08/03/2021)
H1 Chart (Strong Down)
The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level.
Support & Resistance
0.97016 0.97252
0.96877 0.98225
0.96641 0.98733
H4 Chart (Bearish)
Target 1 at 0.97224 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.98522 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistance
0.98208 0.98711
0.97874 0.98975
0.97224 0.99371
Daily Chart (Neutral)
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistance
0.97057 0.97130
0.96164 0.98993
0.95483 0.99921
Weekly Chart (Strong Up)
Waiting for a retracement lower towards the 0.96954 support level, in order to reinstate LONG positions. Next important support is the 0.92464 level.
Support & Resistance
0.96954 0.99921
0.92464 1.04093
0.91493 1.11412
AUD/CAD Possible Bullish BreakoutHi Traders
AUD/CAD (H3 Timeframe)
A medium to high probability, entry to LONG is forming @ 0.98975 after the market found support @ 0.98225. Only the downward break of 0.98225 would cancel this bullish scenario.
Trade details:
Entry: 0.98975
Stop loss: 0.98225
Take profit 1: 0.99418
Take profit 2: 1.00168
Take profit 3: 1.01390
Score: 7
Strategy: Bullish Breakout
AUDCAD Rising Wedge Breakout, Midterm Short There is a resistance that has been in place since 2012 so it is very strong. When the price got there is fairly quickly got rejected.
On the Weekly timeframe you can see a nice rising wedge that is now about to be broken (if you look at a shorter timeframe it is broken.)
Also, it is broken on the RSI.
What to look for:
A close under the wedge on the daily timeframe or if you are feeling aggressive you could enter now.
I am newer to forex so let me know what you think in the comments. If you like the idea, please follow.
AUD/CAD Long From SupportThis has retraced to the point I marked out in my previous post for this pair. This was a very strong downward move so I want to let it settle before opening a long. Also MACD has dropped below 0 and EMA's have crossed lower so I want to see these turn back higher before longing.
I have set TP at 1.00482, I expect a lot of resistance there and above
AUD/CAD Retrace To SupportThis is just short of the TP I set on this pair in my previous post but personally I have closed the trade, I think this is going to retrace soon as it is now overbought on 4HR and daily timeframes. It may still hit that TP but I prefer to secure the profit as a lot of AUD pairs are looking overbought.
So now I will monitor this pair for a retrace to the support area highlighted. If there is a rebound from there a long can be taken to either the previous TP at 1.0000 or a new high of 1.00482. There is a lot of resistance in the red area marked above so I am setting the TP reasonably low as this could have a fairly big rejection considering how sharp the rise has been