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Audcadlong

AUDCAD heading towards 52 week high AUDCAD The recent risk rally helps the Aussie dollar to gain some strength against its counterpart Lonnie From August 24 this pair is trading in uptrend and reached the current monthly high of 0.96511 The uncertainty in oil prices also weighing in CAD pairs and it's lose some gain against the strong risk proxy currency which is Aussie dollar After completion of Elliott correction wave 03 which is a current monthly low- 0.94197 this pair went bullish And trading above all the 50,100,200 Exponential moving average will further attract the buyers until 0.9700 which is a 52 week high and a major resistance zone And a supply zone The current monthly high-0.96511 which is a third wave of Elliot principal We can open suitable buy orders at 50% Fibonacci retracement level of third wave which is 0.95588. And a completion of fourth wave Potential take profit will be 0.96964 which is the level expected to be a end of 5th Elliott wave We have to see the bullish engulfing or rejection at 0.94600 level to buy this pair and descending channel got broken on August 26 which is a clear sign of bullish Trend Positive risk appetite will make this pair as more bullish, Have a eye on corona vaccine development and a relationship between USA and China Important key levels Previous week low - 0.94661 Previous week high - 0.96511 Monthly high - 0.96511 Monthly low - 0.94611 52 week high - 0.96964
Long
by forexorbit
2
AUD/CAD W Pattern on Daily TF Hello Traders, Buyers may enter into action near 0.618 fibonacci after the formation of a W pattern with 0.38 level testing partially failed going to look for a good support. Open position and take profit are shown on the chart ( green lines ) If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Long
by AidiDuhanxhiu
AUDCAD, daily timeframe, bullish divergence materialized (2)Hello my friends, I am updating my previos post about this pair. I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips. Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable. Partial profits taken here and stop loss has been moved to entry. For those who followed previous post, please do the same for a safer trade. I am holding half positon for TP2 at 0.9680 Good luck
Long
by HayatoDragonFX
5
AUDCAD, daily timeframe, bullish divergence materializedHello my friends, There is a bullish divergence on AUDCAD pair and i've spotted this divergence since 2 days ago. It finally materialized as price also broken above the descending trend line. Noticed also price above the support i marked and ichimoku cloud so this pair is bullish in general. I am currently buying AUDCAD from 0.9500 as per this writing. Buy AUDCAD 0.9500-10 Stop loss 0.9410 Take profit 1 @0.9590 Take profit 2 @0.9680 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
AUDCAD long trade ideaPlan: 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
AUDCAD H1 LONG PRICE ACTION FORECAST After testing the demand zone, the price has rejected and wasn't able to form a fresh new low, indicating that upward momentum is coming. Confirmation after the news release from Canada tonight at 8:30 pm HK time we could confirm this buyers pressure over the AUD The order: Type: buy-stop S/L: 14 pips - R:R | 1:4 - T/P: previous high -- *** 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 LIVE TRADE LONGGood Afternoon Traders👨🏿‍💻 AUDCAD Live Trade Update I believe as a trader, its very important that I show transparency with my trading especially to new traders as we can get caught up on thinking that losing isn't part of this long term game. I've been on a 15 trade win streak for the past 2 weeks until I took this opportunity yesterday at 10AM. AUDCAD H4- Market trending above the 50EMA. Reason For Entry- Market Pullback followed by Engulfing Candle, indication of trend continuation SL- 40 PIPS✅ (0.95140) TP- 40 PIPS✅ (0.95930) TP2- 80 PIPS✅ (0.96310)
Long
by Deensesay