Audcadlong
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!)
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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
AUDCAD long trade ideaPlan: resistance level breakout --> 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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
AUD/CAD long opportunitiesPossible buying opportunities for AUD/CAD. Price has been inside Ascending Channel for a while now. Price recently has been bounced off the middle line of the channel giving us two different buy setups if the price eventually ends up over the middle line and just over the Support line. Put your Stop Loss just under the channel.
Let us know what you think and don't forget to follow us for more ideas :)
Good luck !
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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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Thank you for your support!
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUDCAD)Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
AudCad Sell-setup Opportunity!!!AudCad Seen approaching a very strong resistance parameters For a good sell opportunity, No break upside because we also at the Top trend-line reversing for a sell to bottom trend-line or supports below as indicated on the charts. Lets take advantage of this great opportunity. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
AUDCAD - Ending the Month for with a LONG or SHORT Will AUDCAD continue going up or will it reverse back down?
AUDCAD has been rallying up the past days. Due to strong GOLD and weak US OIL.
However, CANADA is set to announce their economic plans next week.
Will this strengthen the CAD? If so, then we will be seeing a 300 to 500 pip move next week
AUDCAD ended the week with a break of previous week's high, will it be supported by BUYERS?
We will see next week. If you like my idea, please do click LIKE or COMMENT. And you may also follow me for more ideas.
Thank you!