AUDCAD falling FASTFor more detailed expert analysis on a daily basis, make sure you click the follow button after reading.
Here we have our AUDCAD chart.
Today this asset has fallen down are we are looking for lower TF price action before we start to go long.
This is because price is falling hard and fast.
TGT is noted by the directional arrow.
Audcadlong
AUDCADCanadian Australian.
The general trend is bearish, but the (hostile) speculator can open a buy deal in the opposite direction, as the price is currently at a support level (the side of the channel) and is targeting the resistance (the ceiling of the channel). , hope you all a brilliant week end , stay safe
AUDCAD Bullish ideaAs per the linked chart you can see the cycles involved. Now at the end of a 3 waves impulse cycle we can expect to see ABC back to 50%. We have Divergence on Weekly, daily and 4 hour. Convergence has validated the bullish and as long as we stay above the invalidation zone then we should be bullish for the mid term.
AUDCAD LONG - Buy Entry - H4 ChartAUDCAD LONG - Buy Entry - H4 Chart
Symbol: AUDCAD
Timeframe: H4
Type: BUY
Entry Price: 0.91648 - Buy @ Market
Stop Loss: 0.91331
Take Profit: 0.92514
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
AUDCAD | H1 |📈1) Heiken Ashi candle “closed” with no wick. 2) Gold line is above dotted line. 3) Green line is over red line | Stop-loss: Placed “just below” candle that just “closed” with no wick | Move stop-loss to “just below” each new Heiken Ashi candle that “closes” with no wick | Do not move stop-loss if Heiken Ashi candle(s) “closes” with a wick (of any size) | Close trade before market close Friday
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9150).
. 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 61.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
SL= Break below S2
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💡Don't miss the great buy opportunity in AUDCAD". There is a possibility of temporary retracement to the suggested support line (0.9150).
. 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 63.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
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 - LONGHere we have AUDCAD with a possible LONG.
There is an expanding triangle that has just hit the 5 count.
It is also at a support zone just below a long standing range.The previous buyers have just been taken out -some would call this bear trap.
If you're not already in we should be looking for the LONG to get back into the range and looking to test the $1 mark.
AUDCAD MAY GO LONG ACCORDIN TO MY TECHNICALS (24/10/2021)Disclaimer:- Educational Analysis says AUDCAD may go LONG according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
On 15 min timeframe pair is making lower high and higher high which make break of previous structure.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
ADDITIONAL CONFIRMATION IS THEIR ARE TWO DOUBLE BOTTOM WHICH HAVE APPEARED AT SUPPORT ZONES
ENTRY 0.92312
STOP-LOSS 0.92196 (11.8 PIPS)
TAKE PROFIT 0.93004 (69 PIPS)
RISK TO REWARD RATIO IS 1:5.85
AUDCAD It will rise upward Welcome back!
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*****
Buyers have taken charge and managed to push price beyond rejective resistance 9200 zone. After a strong bullish impulse, we now have price rejecting off the 50% fib with a bullish flag formation. All signs point upward for another bullish wave/continuation. Where do you think AUDCAD is headed? Let us know your thoughts in the comments!
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH