Aud-cad
AUDCAD BUY OPPORTUNITY, STILL WAITING FOR ORDER BLOCK Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.
AUDCAD, An uptrend is beginning..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.
suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.9380 to 0.9315).
Take Profits:
Tp A= 0.9490
Tp B= 0.9565
Tp C= 0.9665
Tp D= 0.9775
Tp E= 0.9915
Tp F= 1.0090
Tp G= 1.0350
AUD CAD SELL (AUSTRALIAN DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern on lower time frame. Wait for the price to complete the pattern and watch strong price action for sell.
AUDCAD Short 601. After stalking it to look for a buy, Buyers seems to be unable to hold grounds.
2. Turning into a sell instead. Sellers just broke the 5m Range hoping the break out will take the price to the recent lows of the 60m chart.
AUDCAD 60 Long1. Overall AUD group are in a down trend
2. AUDCAD shows buyers taking over and other AUD Pairs are starting to show weakness in sellers
3. Waiting for prices to pull back into the green box and hoping to see price stabilize in that region
4. Waiting for sellers to die off in the 15m charts before entering
AUDCAD bounced on supportAfter yesterday's drop, the pair has bounced on a S/R area. If it keeps pushing up, I'll be expecting it to reach the next resistance level.
AUD/CAD Sell Setup, Divergence and Fib ResistanceAUDCAD has been in an overall downtrend so far and seems to face resistance at the 61.8% Fib level.
In addition to the Fib and horizontal resistance, the price has also formed a bearish divergence on the MACD.
Today's strong bearish candle and rising oil prices (positive for CAD) supports our view.
AUDCAD - Sell OpportunityCriteria:
1. Fibo retracement 62%
2. Fibo extension 161%
3. 2011 low
4. Previous 2019 high
5. The round number 0.96000
6. Channel projections
From a technical perspective, this level should be pretty strong, add here some fundamentals, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice week,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
AUDCAD Long OpportunityGood breakout above resistance on the AUDCAD Daily chart. Waiting for price to fall back into my highlighted reigon near 0.958 before entering a long trade. Target is 0.970
AUDCAD - Double Top + PennantIf price doesn't surpass the double top resistance, expect the pennant to break to the downside, targeting next support.
AUD/CAD long opportunity - The pair extends gains above 200-DMA
- Breaks above major trendline resistance at 0.9540
- RSI above 50, bias higher
- Stochs sharply higher, momentum bullish
What Watch:
- Monthly New Housing Price Index (NHPI) from Canada
- Speech from Bank of Canada’s (BOC) governing council member Carolyn Wilkins at the World Bank’s panel discussion.
Support levels - 0.9537 (trendline), 0.9518 (5-DMA), 0.9497 (200-DMA)
Resistance levels - 0.9586 (61.8% Fib), 0.96, 0.9631 (Dec 31 2018 high)
Stay long on dips, SL: 0.9510, TP: 0.9585/ 0.96/ 0.9630
AUDCAD Approaching Support, Prepare For A Bounce
AUDCAD is approaching its support at 0.9481 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9511(50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
AUDCAD Possible Short position, bounce on trend linePossible short position- to take into account nearing support levels
