Get started

Audcadlong

Buy opportuinity on AUD/CADThe pair formed an inverted head and shoulders on 4H time-frame, and bounced up from its neck line after forming a bullish engulfing pattern, which confirmed conditionality of the uptrend and will target level 0.9795as its primary target in the uptrend. if we looking for the RSI indicator we will find that it bounced up from around level 50 which support continuing the uptrend, and the Stochastic shown a positive crossover beside its mid-range which increasing the probability of continuing the current uptrend. So, in my opinion we can go long from current level 0.9679 with SL @ 0.9650 and targets around 0.9795 then 0.9815
Long
by Aelkhatib
** AUDCAD ** long trade currently open, lets watch how plays outThe entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too. Strategy Report
Long
by AL-1-
1
AUDCAD Price Action Analysis | ProtradersNetwork.comAUDCAD started moving in uptrend again after breaking trendline and resistance of 0.9638 level, looks like the correction phase has been ended and now we are on the verge of next bullish move, also we have a Triple bottom or inverse head and shoulder pattern formed that is indicating a trend reversal to the upside, so now i am looking for buying opportunities on the retest of 0.9683 or 0.9638 based on price action confirmations. Join us at community.protradersnetwork.com for more free content.
Long
by Hamza_ProTradersNetwork
AUDCAD approaching 1st support, potential for bounce!Price is approaching our 1stt support, in line with our 23.6%, 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further rise up towards 1st resistance, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above the moving average support, showing bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
3
AUD/CAD Create Reversal Head And Shoulder Pattern......BUY N.B- AUD/CAD CREATE REVERSAL HEAD AND SHOLDER PATTERN. IF BREAK 0.94827 SUPPORT ZONE.THEN THIS ENTRY INVELID. SO,YOU CAN USE BUY STOP @0.95946 LEVEL. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied.
Long
by AronnoFx
AUDCAD - Bullish BiasAUD - BULLISH 1️⃣ Risk sentiment was fuelled after the International Monetary Fund upgraded its global growth forecast. 2️⃣ The RBA held the cash rate target at a record low 0.1%, kept the size of its A$200 billion bond-buying program, signaling it is prepared to buy further bonds to help lower the jobless rate and spur wage growth. 3️⃣ The Australian Industry Group Performance of Construction Index jumped to a record high of 61.8 in March of in a sign of confidence that the country’s economy is on its path to a roaring rebound, while the IHS Markit Flash Australia Services Index was revised lower to 55.5 in March, signaling a further expansion in activity and new business. CAD - BEARISH 1️⃣ Concerns still exist about the prospect of producers returning significant amounts of crude to the market over the next three months. ===== Technical ===== We are buying the AUDCAD at RBS + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
AUDCAD - Bullish BiasAUD - BULLISH 1️⃣ The RBA held the cash rate target at a record low 0.1%, kept the size of its A$200 billion bond-buying program, affirming its commitment to maintaining supportive monetary stance until at least 2024, while also signaling it is prepared to buy further bonds than its current $200 billion program if that helped lower the jobless rate and spur wage growth. 2️⃣ Job advertisements rose by 7.4% mom to the highest in twelve years of 190,542 in March, 10th straight month of gain. CAD - BEARISH 1️⃣ Concerns still exist about the prospect of producers returning significant amounts of crude to the market over the next three months. ===== Technical ===== - We are looking to buy the AUDCAD at RBS + above SMA 50 on the H1 chart. - RSI showed a bullish direction for this pair. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia