AUDCAD a quick BUY then a major sell.It's a buy here - 0.9630 -, off of the hourly for a ~35 pips then a strong sell from the bearish Butterfly PRZ.
Audcadlong
AUDCAD, daily timeframe, bullish divergence materialized (2)Hello my friends,
I am updating my previos post about this pair.
I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips.
Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable.
Partial profits taken here and stop loss has been moved to entry.
For those who followed previous post, please do the same for a safer trade.
I am holding half positon for TP2 at 0.9680
Good luck
AUDCAD, daily timeframe, bullish divergence materializedHello my friends,
There is a bullish divergence on AUDCAD pair and i've spotted this divergence since 2 days ago.
It finally materialized as price also broken above the descending trend line.
Noticed also price above the support i marked and ichimoku cloud so this pair is bullish in general.
I am currently buying AUDCAD from 0.9500 as per this writing.
Buy AUDCAD 0.9500-10
Stop loss 0.9410
Take profit 1 @0.9590
Take profit 2 @0.9680
Use only 1-2% risk
Good luck
AUDCAD H1 LONG PRICE ACTION FORECAST With price trading supported by the 18EMA, we could expect the next bounce right at the golden level in confluence with the EMA, which allows the setup of a long order as the limit type.
The order:
Type: buy-limit
S/L: 13 pips - R:R | 1:3 -
T/P: previous swing high
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AUDCAD - Horizontal LevelWe are coming up to test a key horizontal level that is going to collide with the descending trend line. This is a crucial level to monitor because we will either see a serious rejection from here with continuations to the downside or a breakout to the upside.
According to COT Data Source - 78% short
AUDCAD [H1] Now will test resistance again Wait to break 🚀🚀AUDCAD Now will test resistance again Wait to break 🚀🚀
Now AUDCAD Will retest Resistance again and if break must follow buy
❌❌❌NO BREAK NO TRADE ❌❌❌
TP ▶ 0.956XX
SL ▶ 0.946XX
Good luck
✈ Ton Trader
🔥 THAILAND 🔥
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 as I do, please write it in a comment so we can manage the trade together.
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GWBFX
AUDCAD facing bearish pressure | 24 August 2020Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
AUDCAD is facing bearish pressure Price is testing our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
AUDCAD H1 LONG PRICE ACTION FORECAST After testing the demand zone, the price has rejected and wasn't able to form a fresh new low, indicating that upward momentum is coming. Confirmation after the news release from Canada tonight at 8:30 pm HK time we could confirm this buyers pressure over the AUD
The order:
Type: buy-stop
S/L: 14 pips - R:R | 1:4 -
T/P: previous high
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AUDCAD LIVE TRADE LONGGood Afternoon Traders👨🏿💻
AUDCAD Live Trade Update
I believe as a trader, its very important that I show transparency with my trading especially to new traders as we can get caught up on thinking that losing isn't part of this long term game.
I've been on a 15 trade win streak for the past 2 weeks until I took this opportunity yesterday at 10AM.
AUDCAD H4- Market trending above the 50EMA.
Reason For Entry- Market Pullback followed by Engulfing Candle, indication of trend continuation
SL- 40 PIPS✅ (0.95140)
TP- 40 PIPS✅ (0.95930)
TP2- 80 PIPS✅ (0.96310)
AUDCAD, LETS GO!*ENG*
- Price reaching our major supportive zone, we will be 1st looking for a possible reversal, giving us a long entry.
- If price breaks, we will be looking for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, primariamente estaremos à procura de uma possível entrada para long.
- Caso o preço quebre, iremos aguardar pelo retest em ordem a fornecer uma entrada para short.
AUDCAD, GOING LONG!*ENG*
- Price breaking and retesting our 38,2% level.
- Performed a Morning star at the 1H timeframe, expecting an increase in price.
*PT*
- Preço a quebrar e a efetuar o retest da nossa zona dos 38,2%.
- Obtivemos uma morning star no timeframe de 1H, dando assim ênfase a uma subida do preço.
AUDCAD H4 LONG PRICE ACTION FORECASTAlthough price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse).
The current structure allows the setup for a countertrend position to capture the pullback.
The order:
Type: buy-limit
S/L: 24 pips - R:R | 1:2.5 -
T/P: descending trendline
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AUDCAD on a retracement and then upThe price respected the Ema 89 and I believe it will respect the channel as it has been doing it, touch the purple line and then go up to touch the middle line.
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El precio respeto la Ema 89 y creo que el precio respetara el canal dibujado como lo ha estado haciendo, tocara la linea morada y espero que vuelva a subir a tocar la linea media del canal.
AUD/CAD Golden ZoneGood day, snipers. Here in the AUD/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the weekly time frame, price rejected our golden Fib Zone 61.8 and I am expecting for price to go up. Also, price rejected the 8 EMA which was respected in the last few motnhs. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the AUD is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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AUDCAD MORE UPSIDE.The AUDCAD has completed its first trend changing pattern to the downside, as we know it takes a great deal of time and efforts for a trend to change. So we expect another attempt at the High before we can see the second TCP.
Right now we want to buy or do nothing in the AUDCAD.
Buy the dip in AUDCADAUDCAD is consolidating for the last few days. However, the uptrend is still intact. The recent pullback is just a small correction in my opinion.
I have already bought AUDCAD and will be buying again if it drops to 0.9550 level. TP for this trade would be 0.97 and SL will be placed below 0.95
