AUD/CAD Making Double Bottom Pattern,Long Setup After 4H ClosureThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Audcadlong
AUDCAD :: Head and Shoulder PatternTechnical : AUDCAD is in a reverse head-to-shoulder pattern, and once completed the pattern can grow as far as the distance from the head to the neckline.
Fundamental : I think because of the low interest rates in China as well as the good data in Australia we can hope for the growth of the Australian dollar.
Also, oil is likely to hit a price peak and a drop in oil prices could affect the Canadian dollar.
*** plz write ur Idea for me ***
AUDCAD Continuing with Uptrend?Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD
, To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs,
that give enough information of why I think we might be going back up again :
The Relative Strength Index is about to reach the 30.00 Mark, Which symbolizes that our Graph is oversold on the 4H time graph
Our graph has touched the 4H Trendline
It is in a zone of Support, it Touched this area more than 5 times already
This is not financial advice, Although if you do take this, I wish the best for you.
AUDCAD, potential buy setupAUDCAD / 1D
Hello traders, welcome back to another market breakdown.
AUDCAD has been making new highs, and new lower highs on the daily time frame, which indicates a new bullish trend might already be started.
a trend following strategy suggests buying the trend line in a combination of key levels.
Trade safe,
Trader Leo.
⭕️BUY AUDCAD ; its time to buy 💣🔰You see the analysis of the Australian Dollar against the Canadian Dollar in Four hours( AUDCAD , H4)🔎
🔰BUY Limit AUDCAD at 93.500
✅TP ; 95.500
❌SL ; 93.200
🔰As is evident from the picture, the price is moving in an ascending flag pattern, due to the presence of the price in the flag support line (the bullish white line) and the orange support line to which the price has already reacted three times, the purchase in this range seems to be low risk. The target is placed in the flag resistance line (white ascending line) 🧐
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
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AUDCAD | New PerspectiveA potential bullish momentum is identified within a critical supply zone.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDCAD LONG - Buy Entry - H4 ChartAUDCAD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: AUDCAD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Resistance @ 0.95317
Last High Resistance @ 0.94585
Resistance @ 0.94366
Pivot Point Yearly @ 0.93844
Support @ 0.93537
Support @ 0.93384
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