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Audcadsetup

AUDCAD - LARGE CHANNEL TOUCHED (LONG)AUDCAD was travelling within a descending channel on the Daily chart for a long time until price broke out to the upside and formed an ascending channel which is marked out with the black lines. Price is now at the bottom of the channel and it has also formed a doji candle, this indicates a reversal in price to the top of the channel. We will keep you updated on price action as this trade plays out. The target and Stop Loss is marked out on the chart IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Long
by UnknownUnicorn2396129
AUDCAD - HUGE BREAKOUT OPPORTUNNITYAs previously stated in our short opportunity trade, price has been travelling in a descending channel and has also been travelling within its support and resistance zones very strongly. HOWEVER - Price broke out of the channel to the upside and also broke above a resistance zone at the same time. we have seen a slight retest downwards which is where we have executed our long orders. We have placed 2 trades, both with different Take Profits which are shown above.
Long
by UnknownUnicorn2396129
AUDCAD 100 PIP SHORT AUD CAD HAS BEEN TRAVELLING IN A VERY MAJOR DESCENDING CHANNEL WHICH CAN BE SEENN MORE ON THE WEEKLY AND MONTHLY CHART. (BLUE CHANNEL) The most recent test on this channel that we just seen was at the top of the channel, on its rally down towards the bottom of the channel price has formed another descending channel marked out in black. All support and resistance zones are marked out above on the chart, we have literally just seen a test of the top of the channel which indicates a short all the way down to the bottom of the black channel. targets are market out on the analysis PURPLE RAYS ARE OUR CLOSER SHORT TERM TARGETS
Short
by UnknownUnicorn2396129
AUDCAD DAILY ANALYSIS AUDCAD DAILY - price has been moving in a large descending channel marked out in blue. Price hit the top of the channel and on its way down it has formed another descending channel marked out in black.Zones have been marked out for you, have fun trading, CREATE A PLAN AND TRADE THE PLAN We could see a move down to the pink highlighted rectangle if price stays within the descending black channel, if price breaks out of the black descending, we will see a move back up to the top of the blue descending channel, and most likely break out upwards out of the blue channel, however we will wait for the BREAKOUT AND RETEST BEFORE PLACING ANY LONG TERM BUYS!
by UnknownUnicorn2396129
AUDCAD Will Hold a Brief Retracement and Continue the Trend1. This currency pair has formed a volume divergence and the price will have difficulty falling -------------------------------------------------- -------------------------------------------------- ---- 2. AUDCAD needs to once again go down to Fibonacci retracement at least at level 0.618 to fill up the power before finally going up again -------------------------------------------------- -------------------------------------------------- ---- 3. At the moment the pair is entering the consolidation phase to move higher, pay attention to the bottom before buying -------------------------------------------------- -------------------------------------------------- ---- 4. The specified Stop Out Zone level is l-0.3, which is at the price of 0.93950 -------------------------------------------------- -------------------------------------------------- ---- 5. For the target zone specified is Fibonacci level 1.618 which is at the price of at least 0.9460 -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Short
by VolumeWaveFX
AUDCAD BEARISH CONTINUATION SETUPHi Traders, The AUDCAD has been carving a potential double ZigZag with flat X-wave after a strong five-wave bullish impulse. . The price seems to be making a bearish impulse which is most likely wave (c) of Y and could signal the resumption of the bullish trend after the completion. . Considering, that the price has broken the corrective structure (b) of Y, the price has the potential to move down towards the target of C as planned on the chart. . We will look to sell at market open and stop loss above high of wave ii (blue). . What's your thought about AUDCAD? Best of luck on the chart! Veejahbee.
Short
by Veejahbee