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
Bearish structure has been forming with lower lows and the lower highs. Also, we see the fib retracement touching the 38.2 level.
Price has been trending downward with clear lower highs and lower lows since the end of February 2021. These are two possible scenarios that I see playing out. I could buy when price breaks resistance and confirms the buy by retesting that broken resistance (now new support). I could sell when price breaks support and confirms the sell by retesting that broken...
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! AUD/CAD: Daytrade-Preparation Market-Sell-Order: 0.96840 Stop-Loss: 0.97190 Point of Risk-Reduction: 0.96530 Take-Profit: 0.95910 Stop-Loss: 33 points (300 pips) Risk: 0,5% -1% Risk-Reward:...
Looking to place a sell stop @ .96710 With a Stop loss @ .97525 (83 pips) & a Take Profit @ .95070 (164 pips)
This analysis was provided yesterday and played out nicely with 78 pips profit . This trade was with 1:3 RRR based on multiple time frame analysis and flag pattern 🙌
AUDCAD formed an ascending structure and then broke out and formed flag pattern , price is expected to break that pattern soon and we will enter the trade with sell stop with a few pips stop loss 🙌
AUDCAD Is starting to combat this bearish trend but I don't think its time for it to depart. Price may want to push down into the most recent imprinted low before trying to make an upside move.
Please view the chart for an explanation of my mark up prediction.
Hi Traders AUD/CAD Multi-Timeframe analysis (08/03/2021) H1 Chart (Strong Down) The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level. Support & Resistance 0.97016 0.97252 0.96877 0.98225 0.96641 0.98733 H4 Chart...
Hi Traders AUD/CAD (H3 Timeframe) A medium to high probability, entry to LONG is forming @ 0.98975 after the market found support @ 0.98225. Only the downward break of 0.98225 would cancel this bullish scenario. Trade details: Entry: 0.98975 Stop loss: 0.98225 Take profit 1: 0.99418 Take profit 2: 1.00168 Take profit 3: 1.01390 Score: 7 Strategy: Bullish Breakout
Bearish Channel 1.00 M,W Rejection zone AC currently trapped in M,W Bullish Channel. However, M.A's are supporting Bulls. Price has respected support 0.98. Watch this zone more closely. AU has respected 1.00 zone. Breakout still possible if NFP triggers volatility.
This has retraced to the point I marked out in my previous post for this pair. This was a very strong downward move so I want to let it settle before opening a long. Also MACD has dropped below 0 and EMA's have crossed lower so I want to see these turn back higher before longing. I have set TP at 1.00482, I expect a lot of resistance there and above
This is just short of the TP I set on this pair in my previous post but personally I have closed the trade, I think this is going to retrace soon as it is now overbought on 4HR and daily timeframes. It may still hit that TP but I prefer to secure the profit as a lot of AUD pairs are looking overbought. So now I will monitor this pair for a retrace to the support...
AUDCAD has run into resistance on the Monthly, Weekly, Daily and 4hr timeframes. We saw a strong rejection on January's monthly candle close and we're now seeing a retest on the 4hr supply. We have a potential to take a short from here and aim for lower lows.
Been monitoring this for a few days as it has been close to resistance. It has now risen to this resistance perfectly and if it breaks above we can enter longs. It may hold up just beneath this at first but you should keep an eye on this for a breakthrough. There is not a very clear resistance level for a TP but we can use the price of 1.00000 as this may be a...