Audcadlong
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
Waiting for a buying opportunity with AUDCADH4 time frame.
Structure: Uptrend.
AUDCAD broke the 0.92000 resistance.
Wait for the price to return to the 0.92000 retest area and appear a bullish pattern that can find buying opportunities.
Profit target is 0.93000 zone.
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Wish you all have a good trading day!
AUD/CAD:DOWNTREND|FLAT MARKET| SHORT SETUP 🔔The Bank of Canada is holding its monetary policy meeting next week, and inflation indicators support the hawkish attitude of the central bank. Recall that markets are now pricing in a rate hike in April.
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LONG POSITIONAS the Canadian dollar was strengthening against the US Dollar, it was falling vs its commodity siblings
Aussie and kiwi. AUD/CAD Formed a low on October 11th near %(0.9105 testing the same lows from august 24th.
If price breaks above the September8th highs of $(0.9375), it will confirm a double bottom and target near $(0.9670)
Potential Long on AUDCAD
AUDCAD LONGEntry price: $0.9371
Take profit:$0.9650
Stop loss: $0.9109
Observing the movement price on the chart, we can point out that there was a really downtrend and then, during the last few month, a new lateral range (range without any strong trend) is made up on the chart.
Looking at the price inside the range, we can find some information that suggests us that price could get out from lateral range soon.
First of all MACD line crossed above the signal line, indicating a buy signal. Regarding Bollinger bands, price has also crossed above the simple moving average (middle band), indicating a rise in the price, Moreover when the bands come close together, constricting the moving average, it is called squeeze. A squeeze signals a period of low volatility and it could be considered a potential sign of future increased volatility and possible trade opportunity. We also notice a double bottom inside the range so we should wait for the price break out the neckline, confirming our idea about uptrend.
no financial advice
AUDCAD POTENTIAL BUY I like the reaction that i see and the formation that its building. If tomorrow london session its holding the area then look price action for buy . Stoploss below the impulse. Also macd showing one more move to the upside.
Be careful to see strong break on the impulse on the left. Lets see!