Get started

Audcadlong

AUDCAD LONGPrice is consolidating in an expanding triangle from 1987 to till date after a clear bearish impulse from 1970s to 1987 which fundamentally 1980s ended in failure, a monetary policy failure – a deep recession provoked by interest rates of 18 per cent resulting in unemployment above 11 per cent. Then Corrected (A) to (B) with triple combo (Elliot Wave Correction) for 20 years and running for (C) wave since then beside Australia has seen average annual economic growth of 3.3 per cent over the period from 1992 to 2017. We are expecting and diagnosing wave (C) as shown in the graph. Have a better luck!!! If you like the idea hit support button. Thanks
Long
by KhalasMunafa
20 REASONS FOR LONG AUDCAD MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100 1 Structure analysis time frame: D1 up trend 2 target time frame: D1 3 Current Move: impulse 4 Entry Time Frame: h4 4.1 Entry TF Structure: bullish 4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead 5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact 6 FIB: Almost done trigger event 7-candle Pattern: shrinking Pattern 8 Chart Pattern: double top 9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg 10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60 11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence 12-strength ADX: uptrend is in strength 13 Sentiment ROC: AUD is weaker than CAD 14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view 15: decision: buy now, and 2nd entry buy at retracement 16 Entry: 0.8927 17 Stop losel: 0.8915 18 Take profit: 0.9090 19 Risk to reward Ratio:1:9 20 Excepted Duration:5 days
Long
by Optimum369
1
Audcad ready to rise after TL breakoutHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:AUDCAD We can see formation of bullish pattern So we are expecting a strong rise from support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd