Audcadlong
Bullish Gartley on AUDCAD 4HI didn't have time to post this trade before I went to work, but it was spotted and triggered in around lunchtime.
Price had moved down into a level of previous structure support.
Aggressive buy limit order set at 0.91095
Stop loss set at: 0.90736
Take profit 1: 0.91459
Take profit 2: 0.91683
Targets will adjusted based on price movement beyond entry point.
If T1 is hit I will roll SL to break even for a risk free trade.
AUDCAD LONGAUDCAD bounced on the trend line (2nd time) of the major Descending channel in the 4-hour timeframe chart. we expecting the pair to retest the key levels listed on the chart.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (GREEN LINE)
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
AUD/CAD Making Double Bottom Pattern,Long Setup After 4H ClosureThis 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
AUDCAD :: Head and Shoulder PatternTechnical : AUDCAD is in a reverse head-to-shoulder pattern, and once completed the pattern can grow as far as the distance from the head to the neckline.
Fundamental : I think because of the low interest rates in China as well as the good data in Australia we can hope for the growth of the Australian dollar.
Also, oil is likely to hit a price peak and a drop in oil prices could affect the Canadian dollar.
*** plz write ur Idea for me ***
AUDCAD Continuing with Uptrend?Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD
, To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs,
that give enough information of why I think we might be going back up again :
The Relative Strength Index is about to reach the 30.00 Mark, Which symbolizes that our Graph is oversold on the 4H time graph
Our graph has touched the 4H Trendline
It is in a zone of Support, it Touched this area more than 5 times already
This is not financial advice, Although if you do take this, I wish the best for you.
AUDCAD, potential buy setupAUDCAD / 1D
Hello traders, welcome back to another market breakdown.
AUDCAD has been making new highs, and new lower highs on the daily time frame, which indicates a new bullish trend might already be started.
a trend following strategy suggests buying the trend line in a combination of key levels.
Trade safe,
Trader Leo.
⭕️BUY AUDCAD ; its time to buy 💣🔰You see the analysis of the Australian Dollar against the Canadian Dollar in Four hours( AUDCAD , H4)🔎
🔰BUY Limit AUDCAD at 93.500
✅TP ; 95.500
❌SL ; 93.200
🔰As is evident from the picture, the price is moving in an ascending flag pattern, due to the presence of the price in the flag support line (the bullish white line) and the orange support line to which the price has already reacted three times, the purchase in this range seems to be low risk. The target is placed in the flag resistance line (white ascending line) 🧐
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
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