CADAUD trade ideas
AUDCADFOREXCOM:AUDCAD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
AUDCADFOREXCOM:AUDCAD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
AUDCAD Analysis- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990.
-Per the supply /deemand rule need to test multiple support lines again to cross the supply zone.
-If the price closed below the MSL, there is a chance to test the previous swing low.
-Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone.
-If long scenarios do not happen, every bounce is a short opportunity for the $FXOPEN:AUDCAD.
Note:
All technical levels are marked in the chart.
AUDCAD 4 Hour Analysis (11 August 2023)AUDCAD 4 Hour Analysis (11 August 2023)
1. Price is following the trendline
2. Also, we can see two zones, supply
and demand areas, price can stay in this
zone for a while
3. If the price breaks the trend, and also
the DMI shows -DMI line crossing above
+DMI and ADX, we can have one
bearish entry
4. if price again takes support from
the trend, we can go for long
AUDCAD 4HTrade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
long AUD/CADAUD/CAD at an excellent support level. This is the previous breakout level where the market had tested the level several tines before breaking out, thus it is a key level in terms of the support and resistance. Expect the pair to bounce from here as the oscillators on the hourly time frame are also looking oversold. Some mean reversion can be expected and this is the right level from where we can get it.
AUDCAD 4 Hour Analysis (20 July 2023)AUDCAD 4 Hour Analysis (20 July 2023)
1. Price is in bullish divergence with Stochastic
2. for bullish entries we can wait for the
price to break 0.5 fib level
3. For any bearish entry, the price must break
trendline and also 0.618 fib level
4. So, we need to wait for a proper entry, also
we can take help from ADX/DMI for any
trend confirmation on breakout.
AUDCAD 4 Hour Analysis (11 July - 12 July 2023)AUDCAD 4 Hour Analysis (11 July - 12 July 2023)
1. Price is in a pattern, we need to wait for
this pattern to break
2. If it breaks the 0.382 fib line and upper
trend line, we can expect bullish entry
3. If it breaks the 0.236 line and also the
lower trend line, we can expect bearish entry
4. Also, for the entries we can take confirmation
from the RSI