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Audcadsetup

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
AUDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market reached resistance level that had pushed price way down last time, as expected price is now moving down. We can see W formation and expect drop to test the neck. W > Price made 3 attempts to break monthly resistance and after failing moved down to create a LL. Price had a pull up to test supply zone and we can see rejection wick on weekly candle. D > We saw an M formation and after creating LL price moved up to complete the formation, we now expect continuation of bearish trend. We have two targets, 1st is weekly demand zone and 2nd target is till neck of W formation. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. 4H > Price make a pull back to test support level now turned resistance to capture liquidity and should continue with bearish move. Pair Correlation > AUDCAD has positive correlation with AUDUSD and NZDCAD and negative correlation with GBPAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
AUDCAD DOWNAUDCAD The price broke the level we had yesterday and I believe the price will go down and reach the purple dotted trend line. That line is a respected line on a daily and weekly time frame, therefore I believe It will go down and touch it. So let the price make the retest before taking any entries on the down side. . . . El precio rompio el nivel marcado que teníamos ayer y creo que el precio bajara aun mas hasta llegar a la linea punteada. Pienso eso porque es una linea que ha sido respetada en el pasado en la temporalidad diaria y semanal y considero que volverá a tocarla. Asi que esperemos que el precio haga primero un retesteo a la baja en la linea roja antes de tomar una entrada en venta.
Short
by anaju17
AUDCAD WAIT FOR A RETESTAUDCAD The price seems to be consolidate right now and im hoping for the price to break my flag either on the upside or the downside. Let’s wait for a retest before any entry. So if the price breaks the flag and makes a retest on purple level then make an entry for a long position, otherwise wait for retest on the down level before making a sell. . . . El precio parece estar consolidado en este momento y espero que el precio rompa la bandera dibujada ya sea a la alta o a la baja. Entonces esperemos que el precio rompa las lineas de tendencia y la zona morada y la retestee como piso para entrar en una compra y de no ser asi, espera a que el precio rompa la zona de abajo y la use como techo para entrar en una venta. Esperen una confirmación antes de hacer alguna entrada.
by anaju17
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 - BEARISH BIASAUD - BEARISH 1️⃣ Australian economy shrank 7.0% on quarter in the Q2 2020 after a 0.3% fall in Q1, posting the largest quarterly contraction since the record began in 1959 and entering the first recession in 30 years. 2️⃣ Investors also moved into the US Dollar on hopes for a rebound in economic activity following better-than-expected U.S. manufacturing activity data. CAD - BULLISH 1️⃣ CAD boosted by upbeat PMI data, higher oil prices and a weaker dollar. The latest PMI data showed Canada’s factory activity grew for the second straight month and at the sharpest pace in two years as market conditions strengthened following coronavirus lockdowns and rising hopes of a post-pandemic economic recovery. 2️⃣ Oil prices was supported by a bigger-than-expected draw in US crude stockpiles. ===== TECHNICAL ===== - We're looking to short AUDCAD on pivot point level + SBR level on H1 chart. - AUDCAD in bearish zone.
Short
by MonsunAsia
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 short for 220 pipsHello traders, As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate. I have therefore marked the entry position, sl and tp as well. Let me know your toughts. Trade safe and good luck.
Short
by BannaKhan
1