AUDCAD: Bullish Continuation & Long Signal
AUDCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy AUDCAD
Entry - 0.8815
Stop - 0.8794
Take - 0.8856
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCAD
AUDCAD SELL SIGNALHello guys! its your girl forex potato, i have followed this pair for over a month now looking for signals, finally found one having missed NZDCAD entry.
AUDCAD has been a consistent downtrend for a long time now, it retraced and and now the trendline formed from pull back has finally broken and price is showing a sign of weakness indicating that the sellers are currently strengthened.
CONFLUENCES:
Price is in a downtrend
Pull back trendline is broken
Bearish engulfing
Double top
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AUDCAD→ Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . AUDCAD long
! Great BUY opportunity AUDCAD
I still did my best and this is the most likely count for me at the moment.
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AUD/CAD LONG trade from .8882The price of AUD/CAD is trading above the 200 EMA on H1 having been below for the last 9 or so hours.
The 25 EMA is also crossing the 50 EMA north and both these signs suggest were are in or we are entering a BULLISH market on this pair.
The price is also above the WPP mid pivot which will act as double support along with the 200.
On the Pivot Point SuperTrend the price remains above the green BUY signal and this has been the case since 13:00 Friday.
On the 15m time frame, the Andean Oscillator has the green BUY line above both the red SELL line and the signal line and the red SELL line is flat.
All the signs are that this pair is headed higher and in the absence of scheduled news there's no reason why we shouldn't see AUD/CAD move highert over the next 24 hours.
STOp on this trade is below the swing low at .8864 (18 pip STOP) and our target is WR1 which sits above price at .8992.
AUDCAD Short TradeMARKET PHASE
OANDA:AUDCAD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.89169. Price retraced to this level, triggering our entry and has continued downwards.
TRADE
I will be entering short on OANDA:AUDCAD with the following parameters:
Sell Limit: 0.89169
Stop Loss: 0.89239
Take Profit: 0.88889
AUDCADAUDCAD experienced a significant surge following the news. We are currently anticipating a correction. We have taken a long position, and if the price returns to the specified level, it will be a profitable trade. The trend has become evident, and we expect it to continue. Due to the surge in Australian gold, AUDCAD is also likely to rise.
AUDCAD - Long active ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Fundamental news: On Thursday we will see results of Unemployment Rate on AUD, news with high impact on currency.
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AUD CADMy analysis on AUD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
AUDCAD - 4hrs ( Scalping Buy Trade Target Range 90 PIP )💵Pair Name AUD/CAD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
——————————
Bullish Break
0.88700 Area
Reasons
- Major Turn level / D
- Fixed range Poc
- Channel Break Out
- D + w high Break
- inner choch Area
Bearish Reversal
0.89500 Area
Reasons
- Major Turn level / M
- Choch Area
- De Value
- Pattern Target
- Quarter's High Area
- Fibo Golden
AUDCAD I Detailed trading plan for long opportunity Welcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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✅AUD_CAD WILL KEEP GROWING|LONG🚀
✅AUD_CAD is trading in an uptrend
And the pair was making a bearish correction
But it has now retested a horizontal support level of 0.89065
And the pair is going up again so
We think that the pair will keep growing
LONG🚀
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AUDCAD - Long trade idea ✅Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement and my point interest for a long is if price rejects from trendline + bullish order block.
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AUDCADAUDCAD is trading in descending channel and printing consistent LLs LHs. and it has also completed ABCD pattern at strong daily resistance level. Now buyers seems to be exhausted at resistance area and selling pressure seems to be activated.
If the sell momentum continues the 1st target could be 0.8800
What you guys think of this idea?
Breaking the Chains? Analyzing Channel Breakout for Shorting!Hello Traders,
We have A Channel Zone. If The Price Breached The Trend Line, Take Entry While Retested and Looking For Bearish Momentum As Showing By The Path Tool.
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