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Audcadsetup

AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low. Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4. Please feel free to leave a comment and like if you agree
Short
by OwlswiftFX
AUD/CAD New Analysis And 2 Setups Are Available AUD/CAD New Analysis And 2 Setups Are Available 1- A Buy Trade To Our Sell Zone 2- A Sell Trade To 0.92000 This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
by FX_Elite_Club
AUDCAD exhibits series of bearish signAUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level. I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area Give us a like if you found useful
Short
by forexorbit
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle. According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend! The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5. Entry Ideas! The green lines are the confirmation level for the bulls. The red line is the invalidation zone. What's your view on AUDCAD? Let me know in the comment.
Long
by Veejahbee
Forex Trading, AudCad ResultForex Trade Result Audcad 4 October 2020 ..................... The pair went further down hit my sl before making its way up.. Made an early entry and paid the price. Lesson never make and early entry . ................................................................................. Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk management. USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades.
Long
by lovelove
AUDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market reached resistance level that had pushed price way down last time, as expected price is now moving down. We can see W formation and expect drop to test the neck. W > Price made 3 attempts to break monthly resistance and after failing moved down to create a LL. Price had a pull up to test supply zone and we can see rejection wick on weekly candle. D > We saw an M formation and after creating LL price moved up to complete the formation, we now expect continuation of bearish trend. We have two targets, 1st is weekly demand zone and 2nd target is till neck of W formation. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. 4H > Price make a pull back to test support level now turned resistance to capture liquidity and should continue with bearish move. Pair Correlation > AUDCAD has positive correlation with AUDUSD and NZDCAD and negative correlation with GBPAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
AUDCAD DOWNAUDCAD The price broke the level we had yesterday and I believe the price will go down and reach the purple dotted trend line. That line is a respected line on a daily and weekly time frame, therefore I believe It will go down and touch it. So let the price make the retest before taking any entries on the down side. . . . El precio rompio el nivel marcado que teníamos ayer y creo que el precio bajara aun mas hasta llegar a la linea punteada. Pienso eso porque es una linea que ha sido respetada en el pasado en la temporalidad diaria y semanal y considero que volverá a tocarla. Asi que esperemos que el precio haga primero un retesteo a la baja en la linea roja antes de tomar una entrada en venta.
Short
by anaju17
AUDCAD WAIT FOR A RETESTAUDCAD The price seems to be consolidate right now and im hoping for the price to break my flag either on the upside or the downside. Let’s wait for a retest before any entry. So if the price breaks the flag and makes a retest on purple level then make an entry for a long position, otherwise wait for retest on the down level before making a sell. . . . El precio parece estar consolidado en este momento y espero que el precio rompa la bandera dibujada ya sea a la alta o a la baja. Entonces esperemos que el precio rompa las lineas de tendencia y la zona morada y la retestee como piso para entrar en una compra y de no ser asi, espera a que el precio rompa la zona de abajo y la use como techo para entrar en una venta. Esperen una confirmación antes de hacer alguna entrada.
by anaju17