Trade ideas
LONG postion in AUDCAD.Downwards Trend line break. Can see a pullback to the 0.907-0.908 level and then a push back forming an uptrend.
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9021). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 0.9134
TP2= @ 0.9226
TP3= @ 0.9315
SL= Break below S2
Weaking of CADFX_IDC:CADAUD
Going Short on the first pullback of continuing downtrend
R:R > 2.2
Max risk 1% of capital
AUDCAD - Inverted Head & Shoulder - Target - 0.91186There is a formation of an Inverted Head and Shoulder pattern in a daily time frame chart in the AUDCAD pair. It is about to breach the neckline and hence, a good long opportunity can be grabbed with 0.89469 as a stop loss. The first target is set at 0.90513 and the second target is of 0.91186
Don't miss the great buy opportunity in AUDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8987). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9026
TP2= @ 0.9051
TP3= @ 0.9143
SL= Break below S2
Go Long : AUDCAD Broadening Rising Wedge AUDCAD has formed a Broadening Rising Wedge pattern on a daily basis. At the moment, the price are just above the lower trendline. The prices are expected to rise with the pair reaching 0.90251 initially and then 0.90675. On the other hand, first support is at 0.89212 and then at 0.88915.
AUDCAD Trade Short 10k PositionAUDCAD SHORT Trade Parallel channel Formation 10k$ position size lets hope for best
thank you
AUDCAD high probability trade setup longAUDCAD on a high probability tradesetup. it is supposed to move for a week long position.
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and minimum to Major Support (0.9105) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.9170 to 0.9105). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9105)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.9225
TP2= @ 0.9310
TP3= @ 0.9395
TP4= @ 0.9480
TP5= @ 0.9610
TP6= @ 0.9775
TP7= @ 0.9915
TP8= @ 1.0090
TP9= @ 1.0350
TP10= Free
AUDCAD - HOUR 4 CHARTRejected from support level and formed a Pin bar. I am seeing the next like this. Please look the chart..
AUDCAD / 240 / Technical ChartWait for Reversal candle at Red zone to short
1) Break out pull back
2)Strong Resistance zone
3) 200 EMA support
Keep an Eye on AUDCAD Wait for BreakoutWe are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
