Aud-cad
AUDCAD Short Term Trade (1:2.67 Risk to Reward)HELLO EVERYONE,
Coming to Analysis of AUDCAD :
--Price has rejected the demand zone clearly after the stops were taken, and also completed the retracement to 23.6% fib, expecting a ABC Move from here.
--Currently I am looking for a short term trade here, will post a new chart for Swing Trade Idea.
--Expecting to take entry at 0.89850 with a Risk to Reward ratio (1: 2.67).
--The Targets have been defined over Critical Demand/Supply zone to ensure accuracy over the targets.
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AUD/CAD Time to sellThe currency pair AUD/CAD has many reasons to sell.
1. We have a day candle that closes very close to its lowest level!
2. The 4 hour chart has reached 61.8 Fibo!
3. And At one hour we have a wedge correction at levels around 38.2 Fibo
from last down move.
What do you think?
AUDCAD - FOREX - 08. OCTO. 2019Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Prices broke back to averige price movement.
4 HOUR
Bearish reaction to previous resistance level.
DAILY
Bullish pullback in a bearish market, great short entries.
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FOREX SETUP
SELL AUDCAD
1ST ENTRY @ 0.99540 (Wait for trigger)
2ND ENTRY @ 0.89860
SL @ 0.90430
TP @ 0.88580
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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
Divergence trade on AUDCADPAIR IN FOCUS: AUDCAD
ACTION: LONG
This is a WEEKLY trade and will require some patience. Currently, there are RSI divergence signals on H1 AND WEEKLY charting, with both having opposing views.
On the H1 chart, there is BEARISH RSI divergence, while on the Weekly chart, there is BULLISH RSI divergence.
I believe the case for WEEKLY is stronger as Bullish Engulfing trigger has also appeared which signals a Long Bias.
Method to capitalize on this trade:
To short on H1 and then change to Long bias when price rebounds (in line with weekly long bias).
The TP level has been indicated, determine your own Stop Loss for this trade.
AUD CAD BUY (AUSTRALIAN DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Trading on divergence signalsEDUCATIONAL PURPOSES:
There are several indicators that one can employ during the course of analysis. One common indicator will be the Relative Strength Index.
What can you draw from this indicator?
Overbought and Oversold signals!
However, one can also use this indicator to spot divergences in the price and the relative strength!
Above are 3 examples of RSI divergences: AUDCAD, AUDSGD and GBPAUD.
The main idea is to look out for differing directions between the price and the RSI within the same period.
As we can see from AUDCAD and AUDSGD, price was creating lower lows while RSI was creating higher lows. This is an example of a BULLISH RSI DIVERGENCE, and price will soon start correcting.
In the case of GBPAUD, another higher high on the price carves out a lower high on the RSI. This shows that there is a BEARISH RSI DIVERGENCE, and price will soon start correcting.
Spotting divergences helps with timing of trade entries (whether it is too late or too early), exiting of positions and/or adding more positions. You can also use this as a trigger for a trade (i.e. a Long trade in AUDCAD, or a Short trade in GBPAUD).
The time frame that you use to spot divergences will affect how long you have to wait for price to start correcting (i.e. shorter time for H1 as compared to Daily).
**One important point to note when spotting or trading on divergences: Observe for price action in line with your bias (bullish price action for bullish RSI divergence, vice versa).
RSI divergences can fail should it carve a higher high or lower low that is in line with price.
AUD/CAD looks like a sell on the dailyThe AUDCAD pair reached a resistance zone on the daily timeframe which aligns with the 38.2% Fib level.
The pair is trading in a falling channel, and the daily candlestick looks like an indecisive spinning top.
With recovering oil prices, the pair might see lower prices by the end of the week.
Please hit the "LIKE" button to support us. Thanks!
Not Going To Go Down Too Much FurtherI missed the trade setup with the bearish harmonic last week. Shame on me. Bad Nika.
Now that it's almost over since the trade is sitting at a daily SR level with rock bottom RSIs on the 4hr, daily, and monthly, it's time to say buh-bye to the short and get ready for potential trade setups for next month.
On the monthly, we have a doji formed at the bottom of the bearish trend sitting on the daily key level and the RSI at rock bottom.
I'm looking for the setup for a swing trade this week or the bull run to begin. I'm patiently waiting for the market to make its move. Here are my TPS for now:
BEAR TPS:
0.89453
0.89155
[b [BULL TPS:
0.89873
0.90132
0.90529
0.90892
0.91256
AUDCAD JUMP? A nice resistance area and a candle that shows a shifting momentum lead me to believe that we could see an upward push next week given that both the current and the following candle supports the idea.
Sell opportunity in AUDCAD AUD/CAD is witnessing a sell - on rally from 0.9090 level. It has recently made an attempt to pierce through an uptrend line prevelant since 30th August in 4 hours chart. The decline in the pair is in accordance with the RSI that has already indicated a short spree in the pair at 53.90 level. Furthermore, the pair has also formed a head and shoulder chart pattern in the hourly chart that again supports the selling in the pair.
Thus, a sell in AUD/CAD is preferred at 0.9050
Trade Information :
Sell- 0.9050
Target- 0.9008
SL- 0.9086
AUDCAD BREAKOUT I expect, that the trendline will get broken, because of the U-form.
Furthermore, the price made a higher low.
EDIT: We are also in an uptrend on the H4 timeframe, I forgot to write that.
AUDCAD starting the week with a bullish signalAUDCAD starting this trading week with a strong action by buyers that push the price above the ascending triangle we had after the weekend gap.
Very good risk to reward ratio, hard to pass on this trade.
#AUDCADTime range specified
Support and resistance have been identified
Purple areas are important
The green areas are Target
Price is within channel
Look at the trend lines
AUDCAD #Forex #ForexTrader #ForexTrading #ForexChartTwo possible roots to 0.94
Either get a retest of previous structure
or we will just consolidate in and around a previous consolidation zone and then move higher.
either way i'll be looking to trade the break of the consolidation zone
AUDCAD Buy opportunityAfter a recurring descending trendline breakout and obvious bear cessation, the price hit a powerful support made visible by a double bottom.
Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look to place my long positions above the current target/resistance.
Good luck and follow me for more ideas!
AUDCAD could be close to rocketing up to touch 0.92400 againAUDCAD has signaled a long opportunity that could be very rewarding, a 1:2.27 risk-reward ratio, if we put enough patience and trust our analysis:
1. Since April 2019, price has been following a downtrend, with the aussie dollar showing quite a lot of weakness, due to worsening economic conditions, and heavily affected by the US-China conflict, as China is Australia's main trading partner. The CAD has been performing quite well, sustained by a Bank of Canada not so dovish tone last week. Since touching the trendline, coinciding with our monthly resistance, price pushed with strength to the downside until reaching the psychological level around 0.89000. Since then, price has been consolidating without a clear action, not giving us any clue about where it could go next.
2. With the start of september, price started to recover. Significant price action to the upside ocurred, breaking through the 4h resistance zones identified in the chart.
3. Finally, price came back to retest our trendline + 4h resistance, managing to break both zones with a generous bullish engulfing candle. Price has continued moving a little bit more to the upside,signalling that this could be the moment where bulls could start to finally take control, as the trendline hadn't been broken since it started forming in april 2019.
This night we could see price retesting our 4h support around 0.90500, if you want to try to get a cheaper entry take this into account. Personally, I'm entering now as I believe this trade has lots of potential to start pushing with great power right now.
Sl: around 0.89500, leaving a little bit of room after the 4h support
Tp: 0.92400, the next monthly resistance.
Good luck and enjoy trading!:)
AUDCAD ShortAUDCAD is trading within Consolidation Range, with multiple rejections at resistance.
R/R is 2.28 for this trade
Week of 9/9/2019
AUDCAD - Education - Thoughts on Monday 9thRecently buyers have troubles pushing the market up(the area is within blue rectangle). In the last movement up we can see a channel and fading of the moventum (which is shown as a lower high on MACD) in comparason with the previous run. In our technical analysis we have two scenarios. However, at the moment we stay neutral as the channel hasn't been broken yet, but the mommentum is weak.
Feels free to ask questions.
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AUDCAD Double Bottom PatternThe AUDCAD has been in a prolonged downtrend, and has created a double bottom pattern.
Awaiting for a daily break above the resistance zone of 0.9045. Ideally, would like to see this break confirm a higher low swing which would entail prices dropping initially rejecting the resistance zone before breaking above. Although, you can already say this has already happened on the 12 hour timeframe.
First target would be the flip zone at the 0.9250 zone. Awaiting the break and close on the daily.
AUDCAD break of trend line to push BUYS into play?AUDCAD at it's the lowest price ever since the inception of the currency pair. I'm leaning more towards price breaking the trendline, pullback and continue rising. If we do get that confirmation in the next coming trading days, we're in a BUY position for the long run.
