AUDCAD Trade Idea From Last Week. Continue to trail stop loss. If Price Closes Below Trend Line, Then Exit Trade For Profit. Entry At Retest
Any corrective structure right now will continue with an up impulse wav, if AUD/CAD will give another down impulse I'm flat
In AUDCAD we can see price rallied and now pause near strong resistance and trendline also 200EMA in 4h chart so here you can see when market open on monday after breakout of friday lows you can entr short position your SL above previous week high above reistance 200ema and i mentioned the profit targets.
We can see a triple top on our 4HR TF, with a major breakout from a 30 day + range to the downside. Feel free to message me to discuss. Happy trading
Hello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the pair AUD/CAD where we had a nice impuls and corrective move. Structure kept on breaking above and now made a lower low/high. Bearish pressure is allready pushing market-price down. We also have seen the counter-trendline break wich indicates we are...
Pair rejected from 78.6% Fibonacci level at 0.9180 Price broke corrective downtrend MACD shows the start of bullish momentum RSI is above level 50 we r waiting for price to exceed the next resistance level at 0.9230 to open long trade It's expected to target the supply zone at level 0.9310
AUDCAD. Pin Bar, Horizontal Support Resistance, EMA 10, EMA 20, 50% Fibonacci Retracement
AUD, NZD & CAD: The fact that the AUD is now the second largest net-short position among the majors does not really surprise given the recent string of negative factors such as the virus situation, slowing economic data in China and falling Iron Ore prices. This week we have the RBA policy decision coming up and markets want to know how stressed the bank has...
took a look on what happened with AUDCAD pair before the RBA release; seems that most of the days prior, are green. considering also the fundamentals(China, Delta, vaccination): if the bounce won't come, I will get out of the trade depending on the PA. If it will I will place an BE after the trade goes up a little
USD – The dollar edged lower against a basket of currencies on Tuesday as investors awaited the outcome of this week’s two-day Federal Reserve policy meeting for any signals as to when the central bank will begin tapering its asset purchases. High-Beta – The high –beta currencies (AUD, CAD, NZD) weakened as a sharp drop in China’s equity market weighed on...
USD – The dollar edged lower on Monday as investors began positioning themselves ahead of this week’s Federal Reserve policy meeting, with many analysts expecting the Fed to once again defer from a commitment to taper. GBP – Sterling climbed above $1.38 against a broadly weaker dollar on Monday, supported by encouraging data over the weekend showing a fall in...
AUD, NZD & CAD: Yet another 13K unwind of net long positions for the CAD in the CFTC data updated until the 20th of July means that a lot of the froth in positioning has been taken care of. Our concerns about positioning for the past few weeks meant a patient stance with CAD longs, but with the size of the unwind we think CAD longs look attractive again on a...
H4 time frame. Structure: Downtrend with Simple Flat. Pattern: Simple Flat reject resistance at 0.94000. Key level at 0.93000. Wait for break key level for the pattern to complete. Then wait for set up to sell. ------------------------------------------------------------------------- Wish you all have a good trading day!
". There is still a possibility of temporary retracement to the suggested resistance line (0.9305). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
". There is still a possibility of temporary retracement to the suggested resistance line (0.9305). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
AUD/CAD long. Bullish on the 4h time frame, several break of structure on the 1 H time frame, 10% to get with 1% SL
AUDCAD is trading in uptrend Pair is based on key level at 0.9350 Price is above HVN at level 0.9330 which indicates that pair is in accumulation phase Above SMA 100 It's expected to target level 0.9460