Audcadsetup
AUDCAD 06th June - 11th June 2021Price movement forecast for the upcoming week in AUDCAD ( SKS formation most-likely). Currently, the AUDCAD is in a very neutral to bullish position close to a distribution phase (Wyckoff Method), mostly likely trying to build a second shoulder for a SKS formation (Weekly). Please, feel free to share your opinion with me.
AUD/CAD New Long Setup After Retest Our Broken Down ChannelThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUD/CAD Finally Closed Below Our Supp, New Short Setup AvailableThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD- Can She Continue to fall?This pair is falling. Australian dollar has weakened against the Canadian dollar creating a new lower low at 0.93397.
I'll look to continue to be the seller if price retraces to and stays below 0.94710. If she can stay below this exchange rate I'll
sell her down to 0.93397 for a trend continuation trade to the downside and further.
I'm not interested in being the buyer unless price rises above 0.95599, the lower higher and creates a higher high.
If this happens, the sell setup is no longer valid. OANDA:AUDCAD
AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy.
we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it.
in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart.
we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did.
so from this point, we are expecting the price will reject this area after the backtest and going up.
moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD.
TRUST THE PROCESS
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