CADAUD trade ideas
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, resumption of uptrend is expected.
We make sure when the resistance at 0.9775 breaks.
If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 51.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.9380)
Ending of entry zone (0.9325)
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:
Trade Setup:
We opened 8 BUY trade(s) @ 0.9441(day close price) based on "Valley" entry method at 02.14.2019.
Take Profits:
TP1 = @ 0.9490
TP2 = @ 0.9565
TP3 = @ 0.9665
TP4 = @ 0.9775
TP5 = @ 0.9915
TP6 = @ 1.0090
TP7 = @ 1.0350
TP8 = Free
AUDCAD H4 Technical Chart short direction must watchAUDCAD / H4 / Technical Chart show short direction
Price move inside of the Triangle. if it will break out the upper line of Triangle, D point will break, it will go to Resistance zone. Have another analysis at this pair, please share in comments, we will be glad to discuss.
AUDCAD - Sell for at least 50 pips. AUD is overbought. Easy 50psAs we can see in this graphic, AUDCAD has reached an overbought state. CAD is falling due most likely to Trump tweet this morning, where he tweets about the price of USOIL, affecting then the CAD.
Candlesticks signals and RSI overbought and AUD Fundamentals indicate that this is a good time to sell.
How to trade?
SELL between: 0.9465 - 0.9480
Take profits: Close half your position within 50 pips.
Stop Loss: 0.9575
Have a good trade.
This is only our opinion, take your own risk.
AUDCAD: PRICE ACTION TRADING INSIDE A CONTRACTING TRIANGLEAUDCAD: PRICE ACTION CONTRACTING INSIDE A DESCENDING TRIANGLE. TRADE UPON BREAK OUT AND RETEST. PAIR IS MOST LIKELY TO BREAK OUT DOWNSIDE.
AUD/CAD :- Bullish Trend Setup A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term.
Expect the price to continue with its Higher High- Higher Low trend support!
AUDCAD SELL FOR WEEKLY INCOME TRADER
ALERT SIGNAL FOR WEEKLY SIGNAL TRADER
PAIR NAME - AUDCAD
DATE -29/0/2018
SELL LIMIT 1 - .93145
STOPLOSS- .93706
TARGET 1-.92000
TARGET 2- .90809
LIMIT VALIDITY = 5 TRADING DAYS
RISK REWARD- 4.14
THANK YOU
U WIN = V WIN
TEAM FFXSIGNAL
$AUDCAD Monthly chart update#Gann. Some support @ 1/272 fib but further resistance @ trendline, 50 ma. Currently sitting @ 200 ma. A break below 200 ma would suggest further downside.
AUD /CADConsidering distribution and
support trend-line has now become resistance.
A good risk to reward scene is possible.
