Audcadbuy
AUDCAD - buy after Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDCAD - accumulationAccumulation in a wide range.
there was a bear trap.
Now I see an exit from the range.
There is no hurry. we are waiting for the exit from the range.
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AUDCAD - LONG; LongtermHere the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally this relationship remains entirely dependent on China's economic status, at any give time.
AUDCAD It will go to the rising trend line +180 PipsWelcome Back.
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It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle.
According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend!
The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5.
Entry Ideas!
The green lines are the confirmation level for the bulls.
The red line is the invalidation zone.
What's your view on AUDCAD? Let me know in the comment.
AUDUSDOn a 4 hour time frame, AUDUSD has been on a strong bullish run for the past weeks. I have indicated the section where price came back to test the support of the ascending trend line on a 4 hour chart. The zone I marked out are strong zones that price did not drop below after they must have formed their head and shoulder patterns. You can see where I marked them out twice. If price comes back to 0.72220, the trade idea will be invalid (Stop Loss).
AUDCAD - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( AUDCAD )!
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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.
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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!)
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Have a great week everyone!
ALAN
AUDCAD heading towards 52 week high AUDCAD
The recent risk rally helps the Aussie dollar to gain some strength against its counterpart Lonnie
From August 24 this pair is trading in uptrend and reached the current monthly high of 0.96511
The uncertainty in oil prices also weighing in CAD pairs and it's lose some gain against the strong risk proxy currency which is Aussie dollar
After completion of Elliott correction wave 03 which is a current monthly low- 0.94197 this pair went bullish
And trading above all the 50,100,200 Exponential moving average will further attract the buyers until 0.9700 which is a 52 week high and a major resistance zone And a supply zone
The current monthly high-0.96511 which is a third wave of Elliot principal
We can open suitable buy orders at 50% Fibonacci retracement level of third wave which is 0.95588. And a completion of fourth wave
Potential take profit will be 0.96964 which is the level expected to be a end of 5th Elliott wave
We have to see the bullish engulfing or rejection at 0.94600 level to buy this pair and descending channel got broken on August 26 which is a clear sign of bullish Trend
Positive risk appetite will make this pair as more bullish, Have a eye on corona vaccine development and a relationship between USA and China
Important key levels
Previous week low - 0.94661
Previous week high - 0.96511
Monthly high - 0.96511
Monthly low - 0.94611
52 week high - 0.96964