AUDCAD - FOREX - 04. MAR. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish takeout of shortterm short holders.
4 HOUR
New LH formed, down now!
DAILY
Overall bearish market with upsite pullback, great short entries!
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FOREX SETUP
SELL AUDCAD
ENTRY LEVEL @ 0.88170
SL @ 0.88920
TP @ 0.86670
RR: 2.0
Use 0.5% risk!
(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
Audcadsell
2 short trades for #AUDCAD#AUDCAD touched an important resistance and the upper trendline of the bearish channel on Daily.
Maybe, it's not enough to enter for a short but we can start to build our "cage" with low size.
The strong bearish movement will probably begin from 0.9033 which is a previous high impulse (Jan 23rd).
So we can suppose for a double trade:
1.
Entry point: 0.9033
SL: 0.90513
TP1 0.9001 (for an Intraday Trade)
TP2 0.888
2.
Entry point: 0.8986
SL: 0.90513
TP1 0.888
TP2 0.882
Trading Pathways Analysis of AUDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
AUDCAD - FOREX - 05. FEB. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Bullish price action, no pullbacks so far.
4 HOUR
Very bullish pressure, we need a drop shortly!
DAILY
Good short entries with stops above previous resistance
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FOREX SETUP
SELL AUDCAD
ENTRY LEVEL @ 0.89630
SL @ 0.90140
TP @ 0.88600
RR: 2.0
Use 0.5% risk!
(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
AUDCAD - POTENTIAL SHORT(S)We've seen over the years how strong of a support level 0.91-0.915 has been in rejecting price and setting up long opportunities. It's been broken and has continually been touching this price point yet this time as a resistance, being unable to surpass it. I'm looking for price to extend a bit further towards 0.915 area before entering to setup the RSI which is looking somewhat neutral at the moment, but this price action and the structural pattern are definitely showing bearish intentions. The first target would be the bottom of the nearest daily support area where the breakout bottomed out (0.88-0.89), second target at approximately 0.855 (backtested support) and final swing at the monthly low 0.75. Low risk with a tight stop. Let me know if you have any suggestions or alternate analyses.
AUDCAD approaching support, potential for a bounce!
AUDCAD is expected to drop to 1st support at 0.89912 where it could potentially react off and up to 1st resistance at 0.90100.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Sideways price action.
4 HOUR
Slowly dropping market with a lot of waves and pullbacks.
DAILY
Sideways market at its highs, good short entries.
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FOREX SETUP
SELL AUDCAD
1ST ENTRY @ 0.90310
2ND ENTRY @ 0.90480 (Wait for trigger)
SL @ 0.90780
TP @ 0.89780
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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