Get started

Aud-cad

Two great sell opportunities on this chart for AUDCADMid-Term Forecast: Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9597). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Take Profits: TP1= @ 0.9505 TP2= @ 0.9405 TP3= @ 0.9270 TP4= @ 0.9065 TP5= @ 0.8915 SL: Break Above R2 --------------------------------------------------------------------------------- Short-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.959). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. Take Profits: TP1= @ 0.9522 TP2= @ 0.9487 TP3= @ 0.9420 TP4= @ 0.9290 TP5= @ 0.9195 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
17
AUDCAD: Potential Trend Continuation Hey guys, Important CAD news today. We gonna see a lot of fundamental statistics in 40 minutes. It may drive AUDCAD to new structure highs. currently, the price is consolidating within an ascending triangle formation. daily candle close above its resistance will be a good signal for us to buy on a pullback. target levels: 0.975 0.98 in case of positive news, the price may retrace and retest the support of the channel one more time. be prepared for both scenarios and act accordingly.
Long
by VasilyTrader
8
AUDCAD testing a weekly resistance 🦐AUDCAD on the weekly chart hit a weekly resistance and price started a retracement move. On the Daily chart price moved inside an uptrending channel and recently broke a bull flag for a new test of the upper structure. Price is now ranging between the 2 structure and price bounce over the 0.618 of the previous minor leg. IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
4
AUDCAD - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Very bullish pressure above main sr level. 4 HOUR Overall bullish waving market structure, good long entries! DAILY Expecting prices to move towards previous week highs. - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95490 SL @ 0.94950 TP @ 0.96330 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
22
AUDCAD - Sell position moving nicely.....AUDCAD Sell moving nicely - had a small pull back and now looking like it can continue down - if entering now, keep your SL to just above the last high. The entry price, SL and multiple TPs are shown on the chart from the initial entry. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
AUD/CAD AUD/CAD has retreated from its resistance level at 0.9636 and has retracted down to support level 1. Following this move, I anticipate one of the below scenarios to follow: 1. Price rejects at support level 1 and price reverts back up to the 0.9636 resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal. 2. Price breaks below support level 1 and reaches support level 2 in which price may reject at support level 2 and revert upward toward support 1 which may act as a new resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
by francesgurton
AUDCAD tested a weekly resistance 🦐AUDCAD on the weekly chart hit a weekly resistance and price started retracement. On the Daily chart price moved inside an uptrending channel and now ranging between 2 structure and price almost hit the 0.618 of the previous minor leg. IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
4
AUDCAD - Where could it go after breaking down?PAIR: AUDCAD BIAS: BEARISH HORIZON: MEDIUM-TERM Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line. We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well. With multiple confluences, this could turn out the be a great trade setup. Watch for bearish price action in the structure zone before any entries. Let's see how this goes, Cheers!
Short
by TraderMozo
AUDCAD Sell SignalPattern: Bearish Megaphone on 1W. Signal: Sell as the price got rejected after breaking the 1W MA200 and the MACD is in a position to make a bearish cross. Target: 0.9091. Previous AUDCAD signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
Short
by TradingShot
2