Audcadbuy
AUDCAD 4Hr Long!
Overview:
Price has completed very important tests at 0.90297.
Currently, price is trading inside 0.89694 | 0.91411 Buy-zone.
From its current Buy-zone location, price could present Buy-entries by pulling back to a 50% retracement price--
Or
Price could advance for tests at Target 0.94720
Note: Idea is to complement your research.
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Looks like a reversal will be coming soon Hi Traders,
AUDCAD was gaining strength throughout last week but failed to be able to continue past the previous high. Looking at the price action we can see that a bearish ascending channel is forming which might get a short position if we grt an impulse breakout and LTF correction. Price may also continue correctively rising towards the upper boundary of the HTF channel.
Follow your trading plan and make sure your entry meets your rules. Patience is key.
Leave a comment and share your view on this pair! Support me by clicking the like button if this post has helped you.
Good luck!
AUD/CAD Made Inverted Head &Shoulders,Long Setup Until Sell AreaThis 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
AUDCAD- BUY strategyI had a stop-loss previously at 0.9048 on a 0.9080 area buy-in.
My strategy is to re-enter it around 0.9027 with a stop-loss below 0.8968.
Currently we have the start of an inverted false bear flag, and this patterns usually suggest pull-back.
Strategy BUY 0.9027-0.9035 with stop-loss 0.8968 and a profit order 0.9157 for now.
AUDCAD-BUY strategyThis is a very short-term trade, because the overall trend is lower. The MA-10 vs. MA-30 will be a SELL signal by tomorrow. However, the move down is over extended, and we should some correction before we continue down.
For now BUY current 0.9080-0.9085 and place stop-loss at 0.9048. The profit order to be somewhere 0.9148.
If we get stopped, we will by again lower 0.8990.
AUDCADThis pair looks BULLISH in a the Longer time frames (W, D) but it seems to be struggling to break structure that confirms the bullish bias. There is a likely short term SELL opportunity that is currently present. The other option is to wait for the market to continue accumulation, break out of structure and then find an entry on a retest. Goodluck!
AUDCAD | H1 |📈1) Heiken Ashi candle “closed” with no wick. 2) Gold line is above dotted line. 3) Green line is over red line | Stop-loss: Placed “just below” candle that just “closed” with no wick | Move stop-loss to “just below” each new Heiken Ashi candle that “closes” with no wick | Do not move stop-loss if Heiken Ashi candle(s) “closes” with a wick (of any size) | Close trade before market close Friday
💡Don't miss the great buy opportunity in AUDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
SL= Break below S2
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💡Don't miss the great buy opportunity in AUDCAD". There is a possibility of temporary retracement to the suggested support line (0.9150).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9204
TP3= @ 0.9247
TP4= @ 0.9268
TP5= @ 0.9294
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️






















