💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9235).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 0.9282
TP2= @ 0.9303
TP3= @ 0.9321
TP4= @ 0.9346
TP5= @ 0.9376
SL= Break below S2
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Audcadlong
AUDCAD SHORTS 📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint.
What do you think ?
AUDCAD Long1D
-Price reached Daily support level and made a fake break on third touch before closing back above.
there's inverted h&s pattern with a broken neckline waiting for retest.
4H
Currently the structure is bullish, the price broke and closed above resistance level and made two touches of trend line.
I'm waiting for retest of support and Signal to go Long.
AUDCAD is reaching a KEY level for a SELLHi Traders,
AUDCAD has been making bullish continuations over again however it failed to continue its momentum higher as it made a reversal Impulse and then correctively moved within an ascending channel. As we know this type of channel shows a reversal is imminent and we are approaching a double top level to add confluence to this short position.
Looking at price action for confirmation.
Follow your plan and entry criteria.
Good luck
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AUDCAD FOR MORE BUYSFollowing the last update on this pair, we have seen more upside continuations.
Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside.
Uptrend, pullback/higher low formation, these confluences are key to taking our long positions on this one.
AUDCAD 4Hr Long!
Overview:
Price has completed very important tests at 0.90297.
Currently, price is trading inside 0.89694 | 0.91411 Buy-zone.
From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price--
Or
Price could advance for tests at Target 0.94720
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
AUDCAD TO CONTINUE THE UPTREND?We have seen this pair switch from a downtrend to an uptrend with higher highs and higher lows visibly coming into play.
Momentum has aided price to break above the key level at 0.91200.
Now, we could see more upside here as new highs and lows can now be formed.
I'll be positioning longs on the lower time frames with momentum.
Looks bullish..Hi Traders,
AUDCAD is approaching a key level which we may be able to get a long entry if price action gives us confirmation. Price action continues to give us bullish continuations which we should get a push to the upper channel boundary.
Keep this one on your watch list
Follow your trading plan!
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Key level broken and buying opportunity with AUDCADH1 time frame.
Structure: Uptrend.
The key level at 0.91000 of the retracement move was broken.
Waiting for a confirmation of a bullish signal can find a buying opportunity.
Profit target is 0.92000 price zone.
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Wish you all have a good trading day!
Looks like a reversal will be coming soon Hi Traders,
AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel.
Follow your trading plan and make sure your entry meets your rules. Patience is key.
Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you.
Good luck!
AUD/CAD Made Inverted Head &Shoulders,Long Setup Until Sell AreaThis 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