Audcadlong
AUDCAD - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish price action this week.
4 HOUR
Close above main sr level, expecting a rise in price action shortly.
DAILY
Overall good long entries, nice pa!
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FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.93360
SL @ 0.92930
TP @ 0.93950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Price playing with a rangePrice has just come off support around the 0.9300 big figure. In the last few days the market has established a trading range between 0.9300 and 0.9450.
Price rotating lower in early Asia trading and if the recent low holds (June 9th) then there is potential to see price trading higher to test the range highs around 0.9400-50
Strong Buy For AUD/CADAUD/CAD is now on a strong support, MACD and Signal lines touched each other, So AUD/CAD will rise / 30M Time Frame / MACD, MA, SUPPORT
AUD/CAD Technical Analysis
The counter is brimming with bullishness.
It is currently moving like a parabolic wave and is at its second leg.
Now it is in a short-term correction in the form of falling wedge pattern.
We advise traders to go long on the bullish breakout of falling wedge pattern and hold the position till the bullish trendline holds.
AUDCAD bounced off ascending support line | 2 June 2020Price is facing bullish pressure from our ascending support line in line with our 38.2% fibonacci retracement , horizontal pullback support and 100% fibonacci extension where we remain bullish above this level and could see a further bounce to our take profit levels. We have also attached the written version of the analysis so do check that out below and let us know what you would like to see next!
AUDCAD H4 LONG PRICE ACTION FORECASTWith price action trading within an uprising channel, a buy-limit order above the bullish pin bar, this pin bar candle happened right above the EMA as dynamic price support and strong seller rejection.
The uptrend continuation is also spotted by MACD, showing some bullish momentum to support the trend.
S/L: 38 pip & R:R | 1:2
AUDCAD-- sell market going sell strongly Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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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.
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Breakout of TrendAs much as this seems like a breakout from a ket market trend structure. This could be a Fake Out to induce buyers. Be Warned.
AUDCAD Long! Price-Action Narrative on DailyNote: Idea is to complement your research.
Idea also complements previously shared idea/s.
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Possible BUY on AUDCADNow you know how I feel about CAD pairs (they can be so volatile and create meaningless and annoyingly long wicks) so I would tread softly while trading this pair. Meaning, trade small with so you can be a little more liberal with your stop-loss. But this could be my coveted DIAMOND setup!
Here's why I'm interested in this trade...
possible counter-trend breakout if the bulls push the price over where I drew my trend line
price is trading above a pretty resilient 200-EMA
the MFI shows the price as being oversold in this trading period
the MFI also shows bullish-divergence in contrast with the lower-highs created by the charts price action.
the MFI is rising meaning the demand is rising. And price follows demand.
Be safe and do your own DD. I Will watch this... but I will NOT make a move until price shows strong bullish action.
AUDCAD: Alternate angle on Daily, Long!
Note: Idea is to complement your research.
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AUDCAD: Daily; Price trading above Multiple Buy-Zones, Long!
Note: Idea is to complement your research.
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AUDCADGoing according to plan. Will go long if I see a rejection on this zone. pinbar | engulfing with some momentum.
Result of my AUDCAD BUY (Took Profit on 3 entries!)Saw this initially on Friday afternoon and entered my first position on Sunday afternoon.
Once in profit I added a few more entries and took-profit on all three of them.
On to the next one.
AUDCAD - SWING - 18. MAY. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Market dropped towards range low.
4 HOUR
Pullback from previous support and close above sr level.
DAILY
Overall bullish market slowing down and in pullback, good long entries!
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FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.90700
SL @ 0.90300
TP @ 0.91290
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Possibly a Strong BUY on AUDCAD This pair has been on my radar for a little while now. Especially after this 4-hour chart support zone held up three times in the last 7 days. Here's what I'm seeing:
Support zone tested 3x and holding strong on the current (4th) retest
Price miserably breaks out of small recent downtrend sideways before testing that support zone again (like we wouldn't see it happening smh)
The last 2 candles develop a lower-high and a lower price, yet the MFI below is rising with higher volume representing higher demand.
With this rise in demand and lower price, I expect the price to correctively rise and match that demand in addition to matching the 200 Exponential Moving Average that's trying it's best to keep this uptrend bullish.
Let me know what y'all think. This is just an idea trade at your own risk. I will say though that I'm glad the AUD and the CAD don't have any high-impact economical news in the next week. Therefore news shouldn't be too much of an issue volatility wise (unless the price of oil makes some type of heroic rebound ultimately carrying the CAD, but I don't think that'll happen this week).
~BK Hilton
