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Audcadlong

Great Rejection From AUDCAD...Short Term BULLISH!!!As we can see from our chart, the support level (green level) still remains a rather strong level for AUDCAD as we see a nice daily candle rejecting off this zone. As of now, I see AUDCAD retest a level that is previously broken @0.9405 price level also near to 50.0 fib level. For now, a retracement is very valid but do keep a lookout at 38.2 fib level in case of a BEARISH continuation. Therefore, a short term BULLISH trade opportunity is a great opportunity for now. 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!!
Long
by YGForex
AUDCAD Buy now running.... AUDCAD - Buy running. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by pow_removetheguesswork
AUDCAD long trade idea Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
AUDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
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