Audcadidea
AUDCAD ON A CHANNEL// DAILY TIME FRAME AUDCAD
The price is currently on a channel on a daily chart and I consider that the price will respect the purple line and go back up again to touch the red dotted line near level 0.96263.
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El precio esta de momento en un canal en la temporalidad diaria y considero que el precio respetara la zona morada punteada como un piso y volverá a subir para tocar la linea punteada roja y la linea de tendencia morada cerca del nivel 0.96263.
AUD/CAD Technical Analysis
The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
According to the wave, it has now completed the ABC correction for the down move it made.
Further, the entire setup looks like a head and shoulder in the higher timeframes.
Hence, we expect the pair to move down from here.
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
AUDCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUD/CAD SHORT SET UP (1Month TF/1Week TF/8Hour TF)AUD/CAD SHORT SET UP ON (1Month TimeFrame/1Week TimeFrame/8Hour TimeFrame)
SIGNAL BELOW
TITLE/(DATE)- AUD/CAD
ASSET- Forex
PLATFORM- MT4
ORDER TYPE- SELL LIMIT
Time Frame- 4hr
ENTRY PRICE 1- 0.95980 (pending)
ENTRY 2- 0.96260 (pending)
STOP LOSS- 0.96480 (50PIPS)
TAKE PROFIT 1- 0.95480 (50 PIPS)
TAKE PROFIT 2- 0.94980 (100 PIPS)
TAKE PROFIT 3- 0.94480 (150 PIPS)
TAKE PROFIT 4- 0.93980 (200 PIPS)
STATUS: Pending
AUDCAD, LETS GO!*ENG*
- Price reaching our major supportive zone, we will be 1st looking for a possible reversal, giving us a long entry.
- If price breaks, we will be looking for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, primariamente estaremos à procura de uma possível entrada para long.
- Caso o preço quebre, iremos aguardar pelo retest em ordem a fornecer uma entrada para short.
AUDCAD, GOING LONG!*ENG*
- Price breaking and retesting our 38,2% level.
- Performed a Morning star at the 1H timeframe, expecting an increase in price.
*PT*
- Preço a quebrar e a efetuar o retest da nossa zona dos 38,2%.
- Obtivemos uma morning star no timeframe de 1H, dando assim ênfase a uma subida do preço.
AUDCAD on a retracement and then upThe price respected the Ema 89 and I believe it will respect the channel as it has been doing it, touch the purple line and then go up to touch the middle line.
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El precio respeto la Ema 89 y creo que el precio respetara el canal dibujado como lo ha estado haciendo, tocara la linea morada y espero que vuelva a subir a tocar la linea media del canal.
AUD/CAD Golden ZoneGood day, snipers. Here in the AUD/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the weekly time frame, price rejected our golden Fib Zone 61.8 and I am expecting for price to go up. Also, price rejected the 8 EMA which was respected in the last few motnhs. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the AUD is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below or leave me a message if you have any questions about the idea.
AUD/CAD Is a Long?Good day, snipers. Here in AUD/CAD , price seems to reject the 50 EMA and support zone. Price also is nearly at the bottom of the up trending channel. Will be looking for price confirmations before going long on this pair, or maybe not. Signals about possible entry, TP, and SL are sent to students.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.
AUD/CAD Time to Short BabyGood day, snipers. In the AUD/CAD, we can see that price came to retest the strong resistance zone which was present in the higher time frames (weekly and monthly). Price is also on top of the trend channel and I expect a downward push. Also, price recently made a long wick on that resistance zone and is now at overbought levels on the RSI.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
Signal sent to students.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.
AUDCAD TRADE IDEAAUDCAD - Nothing major on this one at the moment. Will be waiting for a break to the downside of the corrective structure, and support (yellow zone) before entering anything here.
BEARISH FLAG - WATCH FOR THISHUGE potential drop incoming - I see 4HR and daily divergence as well as price reaching a key level
Waiting for the dump
AUDCAD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EASY DOLLAR $$$$$$$Waiting for Trendline break / Support to be broken then we are looking for sells to the green area
AUD/CAD - Bearish Volume Incoming!Hello Traders!,
We're nearing the end of this trading week, with lots of great opportunities, I hope we've all been able to capitalise of this lucrative trading week. Here we can see an influx of bearish volume on its way for AUD/CAD pair, taking advantage to see if we can make some shorts.
What Is The Market Telling Us?
Resistance zone of around @0.94000 has been holding for over 3 weeks, with showing multiple strong rejections
We can clearly see the market has been ranging between our support and resistance levels for some time, further consolidation is expected
Bullish volume has been decreasing ever since price has reached our resistance, giving us more confluence of a drop off in price to come soon
When Should We Enter?
Since we're looking for SHORTS on this pair, we can enter the market as soon as a we get bearish confirmation at the resistance
Look for certain bearish candlestick/chart patterns, these patterns will be validated as they will occur at our resistance zone
AUDCAD - SELLWe are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
