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Audcadlong

AUDCAD LONGEntry price: $0.9371 Take profit:$0.9650 Stop loss: $0.9109 Observing the movement price on the chart, we can point out that there was a really downtrend and then, during the last few month, a new lateral range (range without any strong trend) is made up on the chart. Looking at the price inside the range, we can find some information that suggests us that price could get out from lateral range soon. First of all MACD line crossed above the signal line, indicating a buy signal. Regarding Bollinger bands, price has also crossed above the simple moving average (middle band), indicating a rise in the price, Moreover when the bands come close together, constricting the moving average, it is called squeeze. A squeeze signals a period of low volatility and it could be considered a potential sign of future increased volatility and possible trade opportunity. We also notice a double bottom inside the range so we should wait for the price break out the neckline, confirming our idea about uptrend. no financial advice
Long
by vf_investment
AUDCAD LONGAUDCAD bounced from a major support Level on the Daily time frame, also broke the upper trendline of a descending channel on the H4. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
AUDCAD Setup For Five-Wave AdvanceHi traders! It has been a while here! :) Hope you're all doing well. AUDCAD rally from August low unfolded as a five-wave impulse structure and it follow by a three-wave correction. The correction unfolded as a simple zigzag with an ending diagonal pattern in wave C. According to EW theory, once a 5-3 (impulse-corrective) wave cycle is complete, the price will resume in the direction of the impulse. In AUDCAD's case, wave C is expected to rally above wave A high in the weeks ahead. The breach of the green level will indicate that the correction is completed. What's your view on AUDCAD? Let me know in the comment. Thanks for reading!
Long
by Veejahbee