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Aud-cad

💵Australian Dollar/Canadian Dollar 💵 Analyze (Short term)!!! Australian Dollar/Canadian Dollar was able to make a Head and Shoulder Pattern on the resistance zone when it broke the trend line. I expect that the Australian Dollar/Canadian Dollar will go down at least to the support zone and target of the head and shoulder pattern. 🔅Australian Dollar/Canadian Dollar (AUDCAD) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
AUDCAD LONGAUDCAD LONG Why are we entering? - Expecting AUD strength and CAD weakness - We in wave 5, and we are about to form subwave 4 which is a bullish correction which we are trying to catch - We are expecting rejection at our -0.618 fibonacci level which is also a structure level What is our confirmation? - Rejection of our -0.618 fibonacci level - Break of WFB trendline Entry 0.855 SAFE Entry: Rejection of -0.618 fibonacci level with a break of our WFB trendline RISK entry 1: Rejection of -0.618 fibonacci level RISK entry 2: Early break of WFB trendline Once entered, where will our Stoploss be? - Below the fibonacci level (below 0.852) 30 pips - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - -0.27 fibonacci level : 0.875 (200pips) - Final TP - Subwave 4 invalidation level : 0.891 (360pips)
Long
by Pips-Collector
AUDCAD LONGAUDCAD LONG Why are we entering? - Expecting AUD strength and CAD weakness - We in wave 5, and we are about to form subwave 4 which is a bullish correction which we are trying to catch - We are expecting rejection at our -0.618 fibonacci level which is also a structure level What is our confirmation? - Rejection of our -0.618 fibonacci level - Break of WFB trendline Entry 0.855 SAFE Entry: Rejection of -0.618 fibonacci level with a break of our WFB trendline RISK entry 1: Rejection of -0.618 fibonacci level RISK entry 2: Early break of WFB trendline Once entered, where will our Stoploss be? - Below the fibonacci level (below 0.852) 30 pips - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - -0.27 fibonacci level : 0.875 (200pips) - Final TP - Subwave 4 invalidation level : 0.891 (360pips)
Long
by Pips-Collector
AUDCAD - Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. AUDCAD is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone . Moreover, the zone 0.845 - 0.855 is a strong support zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower brown trendline. (acting as non-horizontal support) As per my trading style: Since AUDCAD is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If the blue zone is broken downward, then further bearish movement would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
3
AUDCAD Still bearish unless this level breaksThe AUDCAD pair is following our trading plan to the point since our last analysis (August 12), which was a sell signal following the 1D MA200 (orange trend-line) rejection: As you see nothing has changed, the price got emphatically rejected on the 1D MA200 and entered a Channel Down that has already hit our first target (0.89120). There is no diversion yet and as long as the Channel holds (especially the 1D MA50 (blue trend-line)), it could target on the medium-term the 1 year Lower Lows trend-line. This pattern is invalidated only if the 1W RSI Symmetrical Resistance Zone breaks, or the price breaks above the 1D MA200, in which case we will take it as a buy signal, targeting the 1W MA300, which had the April 05 rejection. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
AUDCADIn AUDCAD after market test its strong resistance trendline at 0.91059 price drop to 0.90930 after the market open if price break market structure 0.90830 than you go for short position and exit on the coming support which i draw in the charts. if price come back and push to upside than wait for the trendline resistance again test if you see again some strong bearish candles than you go short with very good R:R. ENTRY SHORT 0.90808 AND 2ND 0.91049 TAKE PROFIT 0.90561 TAKE PROFIT 0.9030 STOP LOSS 0.91171
Short
by naumanfx_
AUDCAD Important 1D MA200 test. Low risk trades around it.The AUDCAD pair has been on a strong rise since the July 13 Low on the 1 year Lower Lows zone. That was a buy signal that we posted exactly a month ago: The rebound has now reached the critical 1D MA200 (orange trend-line), which has been the Resistance in the past 3 months. The last Lower Low on January 28 2022, had a rally that did break above the 1D MA200 and only stopped (and got rejected) on the 1W MA300 (red trend-line). With the 1W RSI being on a rebound following its contact with its long-term Buy Zone, this is quite likely to happen again. As a result, a low risk trading approach right now is to buy only if we close above the 1D MA200 and target just before the price hits the 1W MA300. Until the break-out happens, we can take a short-term sell, targeting the 1D MA50 (blue trend-line). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot