Audcadidea
AUDCAD short trade ideaPlan : trendline or 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 like i do, please write it in comment so we can manage the trade together.
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GWBFX
AUDCAD - Ascending Wedge / Potential Rejection📢AUDCAD 4H - Technical Breakdown
📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside.
📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the blue box, as price action looks over-extended it's best to assume a rejection will take place upon market open. A rejection should see price levels return to the support of the ascending wedge resulting in a low risk, high reward swing trade netting in excess of 200 pips.
AUDCAD LONG! Multiple Opportunities On 4HrPrice is at the moment trading below a trendline that's due for test.
Break of trendline to upside validates upside targets above trendline.
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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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDCAD SELL AUDCAD sell - looking for rejection around either the 61.8% or the 78.6% for it to roll over to the downside. Watch the region of the two purple boxes for a doji or spinning top formation on the 4hr time frame to take a short position.
Take partial profits at the 0% -20% and finally the -61.8%.
180 PIP gain 5.5/1 RR
AUDCAD LONG @DAY CHARTAUDCAD
Currently this pair running at the major resistance level at 0.91200
From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA
This 100EMA will form as support level there we may execute buy orders
And the potential target will be 0.92160
Stop lose may placed at 0.90100
Mi proyección de AUDCAD Haciendo backtesting podemos esperar una posible respuesta muy similar al pasado inmediato que ha tenido este par en este nivel del precio, tomando en cuenta los patrones, soportes y resistencias. El mercado posiblemente haga cambio de tendencia por los pisos establecidos a lo largo de los meses anteriores.
Un posible rompimiento de la resistencia confirmaría el cambio de tendencia en este par así como lo graficamos.
AUDCAD approaching resistance, look out for potential reversal!AUDCAD expected to rise up to 1st resistance at 0.92216 where it could potentially react off and drop down to 1st support at 0.91456.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.