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Audcadlong

AUDCAD: Retest Movement Incoming....AUDCAD managed to move down as expected to the support zone (green). As of now, I am seeing a short term retest for this pair to an important support level it broke @0.9405. Before any continuation, I will be expecting a retest to this zone. Further movement will determines if AUDCAD made a breakout to move down lower or a fakeout if we see price level respecting the broken support at 0.9405 by moving back higher. As of now, a short term BUY opportunity is valid. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
by YGForex
1
AUDCAD LONG PRICE ACTION FORECAST A rejection from the demand zone can give some bullish momentum to this pair. The price has not managed to break the current level forming a new high. We could expect the price to break above testing the previous support level (dotted blue line), and after a pullback, a long entry could be set to the pattern neck. The order: Type: buy-limit S/L: 18 pips - R:R | 1:4 - T/P: previous confluence level -- *** If you like the idea, don't be shy; click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
AUDCAD - Expect UpriseI would like to see a slight pullback to re-test the previous order block-level marked. The SL is protected by the daily ATR range and the TP is at a strong daily demand level. If we see price retrace slightly more I may consider setting a buy limit in hopes of getting a wick entry on this pair. The only thing that could be potentially detrimental to this idea is the AUD employment change figures on Thursday, so fingers crossed this setup will become available early in the week. COT Data - 56% Short
Long
by AlkalineFX
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle. According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend! The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5. Entry Ideas! The green lines are the confirmation level for the bulls. The red line is the invalidation zone. What's your view on AUDCAD? Let me know in the comment.
Long
by Veejahbee
Forex Trading, AudCad ResultForex Trade Result Audcad 4 October 2020 ..................... The pair went further down hit my sl before making its way up.. Made an early entry and paid the price. Lesson never make and early entry . ................................................................................. Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Long
by lovelove