AUDCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDCAD
Entry Point - 0.8930
Stop Loss - 0.8908
Take Profit - 0.8972
Our Risk - 1%
Start protection of your profits from lower levels
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Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 0.89000.
Like, comment and subscribe to be in touch with...
Hey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.89900 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89900 support and resistance area.
Trade safe, Joe.
AUDCAD has seen a lot of price action at this level. I will be looking for long positions because I expect a move to the upside!
Be patient and manage your risk!
Price could fall to our buy entry at 0.8923, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is below a swing low support as well as the 61.8% fibo retracement. Take profit is at 0.9027, which is a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and...
Dear Traders,
XAU and AUD are positively correlated which means when price of GOLD goes up AUD goes up too. Hence, AUDCAD dropped heavily in recent time and therefore price is at the 'discounted level' where big buys are expected within the next week. It is crucial to enter with good risk management. Next week is likely to be volatile.
Good Luck and Like and Follow!!
I am currently long AUDCAD with +480 pips across two lots. Price has reached an untested supply zone and is also up against a 78.6 fib extension and 50.0 fib retracement level. I am going to go ahead and scale down my positions, take profit and move my stops to trail from break even. Short, medium, and long term indicators support both a strengthening Aussie and...
In the 4-hour period, it is moving in an ascending channel, which can correct its previous wave up to 61.8 and then enter the correction phase of its previous wave. Therefore, if there is a reaction in the specified limits by forming a negative divergence in the macd oscillator, the return wave can continue up to the green box range. In addition, the return wave...
Waiting for a retest of 0.89091 to long AUDCAD back to Daily swing high at 0.90394
If you agree drop a like and if you have any questions leave a comment :)
Traders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes.
Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region.
My strategy involves waiting for the market to reach the 0.9000 region before...
Hey Traders, In today's trading session, we are monitoring AUDCAD for a buying opportunity around the 0.89300 zone. AUDCAD has formed a bull flag and currently appears to be in a correction phase, approaching the flag support at the 0.89300 support and resistance area. I would also take into consideration the bullish bias in the indices due to the positive...
AUDCAD / 1D
AUDCAD / 1D
Hello Traders, welcome back to another market breakdown.
AUDCAD has broken the structure from bearish to bullish. And broke above the range which suggets more higher prices to see.
Checkout the chart for what kind of setup I would look to take.
Trade safely,
Trader leo.
AUDCAD hitting strong weekly resistance as CAD has hit strong support. A better view can be provided by reversing the name and looking up CADAUD in the chart. Awaiting stronger confirmation as it may retrace temporarily to the resistance area.
TVC:AXY
TVC:CXY
FX_IDC:CADAUD
Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.89000.
Like, comment and subscribe to be in touch...
hello everyone, so far the monthly and weekly candles are bullish... price is overbought in smaller timeframe... price may do some correction in smaller timeframe so you can get in as low as possible... other causes of correction could be the news.. AUD and CAD news can manipulate the price.. overall we still need to wait on the monthly candle closing bullish.
good luck
Some CAD CPI rubbish releases tomorrow. Maybe that will affect the direction of this trade idea. Maybe you shouldn't trade it because of the scary news.
