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Audcadlong

AUD/CAD Retrace To SupportThis 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 area highlighted. If there is a rebound from there a long can be taken to either the previous TP at 1.0000 or a new high of 1.00482. There is a lot of resistance in the red area marked above so I am setting the TP reasonably low as this could have a fairly big rejection considering how sharp the rise has been
by olly48
AUDCAD - Signal to go long to 0.98865Take a close look at the chart. Price broke out of the trendline once and came back inside the trendline which makes it a failed trendline breakout. Thereafter, price broke out of the trendline again, pulled back, and gave a signal to go long take profit 1 at 0.98865 and take profit 2 at 0.98981. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading
AUDCAD - Two possible movesPrice is currently in the support zone. I expect price to either breakout of the support zone upward or pullback to the demand zone to complete the double top M pattern. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Short
by PetrockFxTrading
Breakout 5.3RR - Sniper entry + RSI analysisPrice just broke out of a descending channel, which is bullish. It is ready to break out from a larger timeframe resistance (in yellow) Based on the trendlines from the RSI, price should be retesting the break of that channel and for a "spring" so that price can break the resistance with force and aggression to the upside. The spring will be formed from the convergence of multiple supports in the same zone. The POC (in red) is also in that area so we might see a wick touch it. Here is a better look at the 4H yellow resistance : I'm taking the price up to the larger term resistance trendline that you can see here on the DAILY timeframe : And that resistance is also in convergence with the WEEKLY red trendline : And finally, you could also consider this to be an inverted Head & Shoulders formation on the 15 min timeframe:
Long
by TheSnowballEffect
AUDCAD - Buy Entry - D1 Daily ChartAUDCAD - Buy Entry - D1 Daily Chart Buy @ Current Market Price or on a pull back into the Buy Zone Stop Loss @ 0.5% to 1% of your Account Balance Take Profit @ I will update when to close - Follow me to receive updates ✅ Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 Disclaimer! The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
AUDCAD - Day trade by Keltner Channels - 4 feb 2021ENTRY: Buy Lower/Sell Upper | basis 20 | keltner confirm | reset Keltner | Upper/Lower 1 | crossing: 3 | Candle not entry | HH-LL: 5 | adx: 31 | 1. How to fill color the Keltner Channel: ...All Upper, Basis, Lower inscreased to fill green. ...All upper, basis, lower descrease to fill red. ...One of the Upper, Basis, Lower is not the same direction fill gray color. 2. How to calculate a Trend: ...If the Total of 25 candles > 0 to give Uptrend. ...If the Total of 25 candles < 0 to give Downtrend. 3. How to entry. - Buy's entry when the Color is up and the price crossunder the Basis. - Sell' entry when the Color is down and the price crossover the Basis. 4. How to calculate the Stoploss and Take profit:
Long
by dinhchien
2