Audcadlong
AUDCAD long trade signal - multi-timeframe analysisthe complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy.
we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it.
in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart.
we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did.
so from this point, we are expecting the price will reject this area after the backtest and going up.
moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD.
TRUST THE PROCESS
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AUDCAD is in Bullish ModeThe Market is taking 2nd support on its trend line which is indicating bullish movement.
Audcad SetupAudcad moving in down trend so we need to sell it after correction but if we find an descending correction or any channel then we need of bos to buy
AUDCAD longHi there,
AUDCAD possible reversal to the up.
Waiting for confirmation to long.
TG 0.963
SL 0.945
Idea is negated if AUDCAD print expanding flag and continue to the downward, in this case a sell setup will be printed (see comments).
AUDCAD LONGOverall, higher timeframe market structure is bullish. However, based on current D1 market structure breaking to the downside, we are now in a retracement. We'll see if it continues to go long or just roll over and continue short. Feel free to chime in with your thoughts and comments
AUDCAD Long!!!4HR - 3rd touch complete on the bullish flag, price broke out and retested top trend line. A larger long-term structure shows the possibility of a 90% rule completion @ 0.99900.
1HR - Price heading to retest top trendline, 0.95000.
Buy Limit set @ 0.95000.
TP1 - 0.97000.
TP2 - 0.98950.
TP3 - 0.99900.
Please like, follow, and share.
Happy Trading.
AUDCAD Buy Limit SWING TRADE (200+pips?)We see downside liquidity get run and we push up to also break the the trendline, further capturing liquidity.
If price were to come back to that last down candle before the push up, I would expect a push up.
Two possible entries: the open of the candle(aggressive) and the 50%level.
I would scale into the lower tf and watch for accumulation to get an entry with a better R:R
Trade safe Traders and only risk what you can afford to lose
5 Min POI on 4 hr order block snipeThis is a 4 hr order block with 5 min point of interest snipe that i will be looking at buying for higher time frame trend continuation.
AUDCAD 4HR PRICE-ACTION LONG!Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, (...) Thank you and Happy Trading.
AUDCAD, 8hr tf, buy on trendline retest
Price might bounce from this trendline for further upside in this pair.
We are about to start the wave-(iii) which might target 0.9950-60 area if price stopped at 1.618 fibonacci extension.
Buy AUDCAD 0.9600
Stop loss 0.9530
Take profit 0.9950 (5R)
Use only 1-2% risk
Good luck
AUDCAD Long Multi timeframe Analysis Hey traders, here is the analysis for the AUDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
