💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8874).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 0.8929
TP2= @ 0.8980
TP3= @ 0.9051
TP4= @ 0.9132
TP5= @ 0.9188
SL= Break below S2
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Audcadlong
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8874).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 0.8929
TP2= @ 0.8980
TP3= @ 0.9051
TP4= @ 0.9132
TP5= @ 0.9188
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDCAD | BEARS CONTINUEAUDCAD has been in bearish pressure, making lower highs and lower lows. The price is approaching the falling resistance trendline to define another lower high.
We are expecting the price to continue its momentum in the same direction.
One can change its bias for long above 0.89800 level.
Trade your levels accordingly.
Audcad bull from SupportHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:AUDCAD
We can see a market tested its resistence area in H4 & H1 and now trying to test its support in bigger timeframe.
So we are expecting a little strength near its Support or lower trendline. after this test we will take a Long entry near trendline.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
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AUDCAD: Reversal Zones 🔄Price has trapped sellers with the false breakout of the head and shoulders.
Since we have already swept a strong area of support to the left, I believe price may want to react at one of these major demands for buyers.
I have my alerts set and will take a buy trade with the team IF criteria is met.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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AUDCAD longsAUDCAD has traded higher breaking structure on the macro time frame. We are looking for some type of pullback into this zone before buying pressure begins to come in. We do have shorts on GBPAUD and therefore we will want to be precautious on these types of trades considering they're countering each other. Good luck with the trading week ahead!
AUD/CAD Long Setup , We Need A Daily Confirmation First 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