AUDCAD bearish divergence... shortAUDCAD 4H chart showing bearish divergence.. going down to supports *white lines"...
Enjoy free pips..
Please hit LIKE & FOLLOW to support..
Vinny
Audcadsetup
Complex corrective structure (AUDCAD)Hi, Traders
As I am considering a complex corrective structure .Audcad is moving towards B wave, see a pull back then take a buy position. it is long term opportunity to buy and will come down for wave C"
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
AUDCAD approaching major resistance, watch for a potential drop!AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Long Bias for AUDCADHere's a Reversal for AUDCAD testing its support level be ready to ride the wave
Audcad, Fibernacci retracement 0.786 Tradning. "long" Daily.Hello, here we go Again.
Ill wait for the conformation on the dailey chart, and take the trade for 0.786 strategy.
We just broke over the "old HH" afther that, we will wait for the 0.786 retracement, from the HL- HH
Targets:
1.02332. "a few pips from the previous HH"
Stop loss:
0.99900. under the previous HL.
let's wait for the retracement and see.
RSI:
60 almost, and "in my option still pretty close to oversold. "70"
AUDCAD H4 Short IdeaPending Short @ 0.9910
Stop Loss @ 0.9940
Target @ 0.9835
RR Ratio @ 2.5
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Caution : AUD Employment Change & Unemployment Rate News after few hours.
AUDCAD long bias at weekly demand imbalancesForex cross pair AUDCAD is rallying and creating new weekly and daily demand zones. Longs could happen lower around 0.98 and also if new daily demand zones are created down there. Long bias on AUDCAD
AUD/CAD Short opportunityHi guys,
Here is my view on AUD/CAD.
Zoom out to see a clearer view. Analysis is based on the weekly timeframe.
AUDCAD Potential long however due it finishing with exhaustion candle i am expecting a pull back to retest structure before going long. This potential long looks good due to the market breaking the weekly counter trend-line. However we do not know how far the pull back will be so therefore we will wait and see. I have used fib extension to show me area of high confluence where i think the market will pull back and fill more order before continuing the long trend.
AUD/CAD 100 Pips Oportunity - Bullish ContinuationAUD/CAD has consolidated in the 0.98 area for the past 2 weeks and does not seem to want to go back down.
This could potentially very well be a bullish continuation pattern if the current support holds.
We can expect it to go up at least 100 pips as soon as it breaks upward.
As always, I would like to remember you that risk management is key in success in this business.
Happy trading!
AUDCAD right on pullback support!AUDCAD is now back to pullback support where it previously broke out from. A possible bounce could occur at this level above major support at 0.9782 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a rise towards 0.9876 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is making a similar pullback to ascending support where a corresponding bounce could occur too.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD surpasses major resistance!AUDCAD has finally surpassed its descending resistance-turned-support line triggering a potential bullish move from here. Our main area of support remains at 0.9782 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could push price up possibly to 0.9876 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) has surpassed our descending resistance-turned-support line triggering a potential bullish exit from here.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD preparing for a strong bounce
AUDCAD is seeing major support above our 0.9782 zone (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur above this level to push price up to major resistance at 0.9876 (Fibonacci extension, horizontal swing high resistance). We are seeing intermediate resistance with our descending resistance line and price would need to break past that level to gain further bullish momentum.
Stochastic (34,5,3) is seeing major support above 1.7% support but also sees intermediate resistance with our descending resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCAD LONG!Okay, so this is a bit of a late post but the analysis is great and this is an easy, lemon-squeezy set up, so i figured I should post it regardless,
Price has broken out of it's daily descending channel and as we know, after momentum comes exhaustion or a corrective structure, which is what we've got here. Price retraced to retest broken resistance as new support + the trendline and this is all confluent with a fib level.
AUDCAD getting ready to do the most, Apply lots of patienceDemand Zone ... Weekly and Daily price action ...RSI confirmation .....
and AUD generally being more Bullish all round ...
credit to trader @jp1981 , cos we share similar sentiment
www.tradingview.com
AUDCAD At Weekly Trend LineWatching the weekly chart as the successful test of this trend line may provide a great buying opportunity.
Aud/Cad Cypher Pattern LONG for D leg then SHORTWe aim for D leg completition with a good R:R . Then Short. Good luck...
