Trading Pathways Analysis of AUDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Audcadsetup
AudCad LongPrice made an Impulse and then start to move within the channel . There is a fake breakout happened at the place I marked .
Why is it a fake breakout ?
Because after made a breakout of the trendline / channel price move back inside of it !
Currently price is reaching the bottom of the channel and High Liquidity area which I will be monitoring for potential long opportunity only if the price change to bullish environment !
AUDCAD Anticipates a Big Wave That Will Happen SoonHi, best regards.
This is our next analysis and this is an analysis of the initial position in the AUDCAD pair.
This analysis is different from the previous pair's analysis of NZDJPY, which is late entry and the trend is already running.
This pair has gone down significantly, and then reversed the trend very sharply.
In the first wave and combined with Fibonacci levels it was detected that the pair was making an effort to push the price to a higher level.
The pair has touched the level of 0.618 Fibonacci and has touched the set buy limit. further analyzed that this pair will make a stronger movement and will test the previous highest resistance at the level 0.91500.
The best way to trade is to wait in advance for the pair to make deeper corrections (if they do) or enter the trend immediately and get the most profit.
Note:
this is not a recommendation for financial action and
we are not licensed economists
AUDCAD - POTENTIAL SHORT(S)We've seen over the years how strong of a support level 0.91-0.915 has been in rejecting price and setting up long opportunities. It's been broken and has continually been touching this price point yet this time as a resistance, being unable to surpass it. I'm looking for price to extend a bit further towards 0.915 area before entering to setup the RSI which is looking somewhat neutral at the moment, but this price action and the structural pattern are definitely showing bearish intentions. The first target would be the bottom of the nearest daily support area where the breakout bottomed out (0.88-0.89), second target at approximately 0.855 (backtested support) and final swing at the monthly low 0.75. Low risk with a tight stop. Let me know if you have any suggestions or alternate analyses.
AUDCAD : WAITING FOR LONG POSITION. In the name of Allah, the Most Gracious, the Most Merciful.
Market Structure in Weekly Time Frame is a Descending channel pattern.
AUDCAD Is Following Ascending Channel pattern in Daily Time Frame.
We Are Looking in 1 Hrs Time Zone For Entry we need to wait Till Market test the Ascending Channel Support line.
Risk is 27 pips Reward is 214 Pips
How to Trade?
Use Take Profit As per Trend line Swing high point There is 3 Take Profit 2 As per 1 Hrs time frame which is on
the basis of the Trend line and 3rd Take profit will be at the Ascending Channel Pattern Resistance level.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
AUDCAD approaching resistance, look out for potential reversal!
AUDCAD is approaching its resistance at 0.67674 where it is could reverse down to its support at 0.67515.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.