{"id":12369,"date":"2022-08-12T08:25:26","date_gmt":"2022-08-12T08:25:26","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12369"},"modified":"2023-05-12T08:29:46","modified_gmt":"2023-05-12T08:29:46","slug":"audcad-important-1d-ma200-test-low-risk-trades-around-it","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/12\/audcad-important-1d-ma200-test-low-risk-trades-around-it\/","title":{"rendered":"AUDCAD Important 1D MA200 test. Low risk trades around it."},"content":{"rendered":"

 <\/p>\n

The AUDCAD pair has been on a strong rise since the July 13 Low on the 1 year Lower Lows zone. That was a buy signal that we posted exactly a month ago:<\/p>\n

\"AUDCAD<\/a><\/div>\n

The rebound has now reached the critical 1D MA200 (orange trend-line), which has been the Resistance in the past 3 months. The last Lower Low on January 28 2022, had a rally that did break above the 1D MA200 and only stopped (and got rejected) on the 1W MA300 (red trend-line). With the 1W RSI being on a rebound following its contact with its long-term Buy Zone, this is quite likely to happen again.<\/p>\n

As a result, a low risk trading approach right now is to buy only if we close above the 1D MA200 and target just before the price hits the 1W MA300. Until the break-out happens, we can take a short-term sell, targeting the 1D MA50 (blue trend-line).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/AUDCAD\/7g5b99Or-AUDCAD-Important-1D-MA200-test-Low-risk-trades-around-it<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The AUDCAD pair has been on a strong rise since the July 13 Low on the 1 year Lower Lows zone. That was a buy signal that we posted exactly a month ago: The rebound has now reached the critical 1D MA200 (orange trend-line), which has been the Resistance in the past 3 months.<\/p>\n","protected":false},"author":611,"featured_media":12370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12369"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12369\/revisions"}],"predecessor-version":[{"id":12372,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12369\/revisions\/12372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12370"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}