SHORT Playlikejason.com team is placing a SELL tradeStop Loss 🚫: 0.93579
Take Profit #1 ✅: 0.93099
Take Profit #2 ✅: 0.92622
Take Profit #3 ✅: 0.91665
Audcadsignal
AUDCAD - Weekly - SELL; This is now a Long-term (heavy!!) SHORT.Check for the SHORT Entry then ride it down hard, like a rented mule!
AUDCAD SELL ON DIPS !!!as we see this pair has made a cup shape on 30 min TF
and it had done a fake breakout on 4H TF
a strong resistance has tested and fail to break so we are selling on dip is for big rewards with a small risk
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AUDCAD / SHORTPrice has broken out of its daily trendline and is now going to retest
Waiting for a true pullback before shorting this pair
AUD/CAD Technical Analysis
The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
According to the wave, it has now completed the ABC correction for the down move it made.
Further, the entire setup looks like a head and shoulder in the higher timeframes.
Hence, we expect the pair to move down from here.
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
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 )
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AUD/CAD SHORT SET UP (1Month TF/1Week TF/8Hour TF)AUD/CAD SHORT SET UP ON (1Month TimeFrame/1Week TimeFrame/8Hour TimeFrame)
SIGNAL BELOW
TITLE/(DATE)- AUD/CAD
ASSET- Forex
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 4hr
ENTRY PRICE 1- 0.95980 (pending)
ENTRY 2- 0.96260 (pending)
STOP LOSS- 0.96480 (50PIPS)
TAKE PROFIT 1- 0.95480 (50 PIPS)
TAKE PROFIT 2- 0.94980 (100 PIPS)
TAKE PROFIT 3- 0.94480 (150 PIPS)
TAKE PROFIT 4- 0.93980 (200 PIPS)
STATUS: Pending
Buy the dip in AUDCADAUDCAD is consolidating for the last few days. However, the uptrend is still intact. The recent pullback is just a small correction in my opinion.
I have already bought AUDCAD and will be buying again if it drops to 0.9550 level. TP for this trade would be 0.97 and SL will be placed below 0.95
AUDCAD FORECAST 4HRGOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
AUDCAD TRADE IDEAAUDCAD - Nothing major on this one at the moment. Will be waiting for a break to the downside of the corrective structure, and support (yellow zone) before entering anything here.
BEARISH FLAG - WATCH FOR THISHUGE potential drop incoming - I see 4HR and daily divergence as well as price reaching a key level
Waiting for the dump
EASY DOLLAR $$$$$$$Waiting for Trendline break / Support to be broken then we are looking for sells to the green area
AUD/CAD Wave Analysis The counter has made a strong move from the low of 0.80 handle to 0.93 handle in just 3 months.
The move could be attributed to a 5-wave pattern and it is now in corrective mode.
It has completed waves A and B is going to kickstart wave C.
The resistance zone around 0.93 handle proves to be a tough nut for the pair despite trying to take it down thrice.
It makes a price action imminent and hence, we expect the pair to be bearish in the short-term.
AUDCAD - SELLWe are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
Strong Buy For AUD/CADAUD/CAD is now on a strong support, MACD and Signal lines touched each other, So AUD/CAD will rise / 30M Time Frame / MACD, MA, SUPPORT
AUD/CAD HOLDING BELOW DESCENDING CHANNEL, MAY DROP TO 0.8900 AUD/CAD SELL @0.9150/0.9200
SL: 0.9350
TP: 0.8900
