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Aud-cad

AUDCAD on a bull flag 🦐AUDCAD on the daily broke the descending trendline of the bull flag and is ready to test the weekly resistance during next week According to Plancton's strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
AUDCAD: SHORT on this TREND CORRECTIONHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : Since the 2nd of February 2021, the price has been moving following a clear uptrend after it got an interesting rejection on the level at about 0.97150. During that strong movement, the price broke through the S/R zone at about 0.97900, reaching a daily zone at about 0.98600, that rejected the price many times since the end of December 2020. It is currently re-testing the same zone and the next price action will be essential to confirm a new rejection. 🔴 Conclusion : In a long term I'd definitely see the price going up more, reaching and eventually breaking through the main resistance zone (see the chart), but right now I'm confident to see a clear rejection and a re-test of the support zone at 0.97900. I'm looking for a good entry point to get a short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
27
AUD Long, CAD or JPY ShortThe AUD basket has completed a nice pullback to the existing trendline off of the March and October swing lows on the Daily chart. The Aussie Dollar also bounced here at the 50 day SMA. There's a little bit of room to the previous high, and I expect the next area of resistance to be in the 0.8 area. Looking at this chart, I will be looking for a long opportunity with AUD. Now, what to pair it with... JPY has been weak, making a nice break down. However, there's a fairly nearby area of support that the JPY could reach in a day or two. A good option to short, but there may be better options out there. I also like the CAD. Has been creating a descending wedge pattern going back to October. CAD recently touched the top of the wedge and was rejected. Furthermore, this wedge has been at the bottom of a sharp drop from the COVID-19 movement back in February/March 2020. Definitely looking short CAD here. Although I like CAD to the downside based on the previous charts, let's take a look at CADJPY to see which has been weaker. The pair recently broke the resistance at 81.7-81.8, and has been trending up on the daily chart. This chart definitely suggests JPY has been weaker than the Canadian Dollar. So, let's look at these pairings. AUDCAD looks fairly close to the overall AUD basket. Bouncing off of a trendline, off of the 50 day SMA, and coming back to the middle of the Bollinger Bands. AUDJPY, on the other hand, doesn't have quite the same setup. It had a huge day on 5/2, and is up at previous resistance. This resistance level around 80.86 was touched mid-January, April 2019, and served as a minor support in mid-2018. So, here's what we have. We like the AUD to the upside, especially if equity markets remain strong this week. CAD and JPY both have potential for weakness. CAD is near the top of a descending wedge pattern, while JPY has shown recent weakness. Looking at CADJPY, JPY has definitely been weaker. AUDCAD has a good setup, while AUDJPY is currently at a resistance level So, what do we do with all of this information? I will be looking for setups on both AUDJPY and AUDCAD. Let's start with AUDCAD. AUDCAD Daily chart had a nice move up on the last trading day (5/2). It broke through that swing low made around the 20th of January. On the 4H chart, it has made its first higher low and currently rests at the 200-period SMA. I will be looking for a break of that Moving Average, and enter on a pullback. Ideally, I will be looking for a pullback to retest the Moving Average or trend line, but we will see what happens. I will be looking primarily at the 4H chart for entries as this trade may have room to go, but will also check in with the 1H chart. I will update with any entries I take. The CAD has a fair amount of room to fall to hit the bottom of the wedge pattern, so this gives us a little space. AUDJPY Although the JPY has been weaker, I don't like this setup as much. I will wait for a break of the resistance where it currently is. Should we break this level, I will wait for a pullback to enter. I will be looking at the 1h and 4h charts for entries should this happen.
Long
by MRobertsTrading
1
AUDCAD: Following the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : Since the beginning of January 2021, the price has been showing few signs of weakness, it re-tested many times the support zone at about 0.97800 and few days ago it finally broke it. Few hours ago a nice downbar closed under the support zone and there is a good possibility to see the price falling down until its next support zone at about 0.96700. 🔴 Conclusion : Since the 27th of January, the price has been moving inside a descending channel, and I'm confident to see a new re-test of the level 0.97700 before collapsing down. I'm already holding a short position and I'd be ready to open another position once I'll eventually confirm a pullback on the S/R zone. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
16
GBPCAD: The price BROKE a strong PATTERN!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/CAD ⚪ Technical Analysis : Since December 2020, the price has been moving bouncing up and down between the resistance zone at about 1.75000 and the support zone at about 1.72300, creating an interesting symmetrical triangle pattern. On the 22nd of January 2021, the price broke through its dynamic resistance line and it has currently reached the main resistance zone. 🔴 Conclusion : Overall, in the daily and weekly perspective, the price is following an uptrend and I'm confident to see it growing more after an upcoming trend correction. I'll be waiting for the price reaching and re-testing its previous pattern's dynamic level before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12
AUDCAD on the 0.5 Fib level 🦐AUDCAD after touching the weekly resistance starts a retracement move inside a descending channel . The price turn on the 0.5 Fibonacci level. According to Plancton' s strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
AUDCAD: The Last LONG opportunity!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : AUD/CAD ⚪ Technical Analysis : Since December 2020, the price has been moving with a nice uptrend after it got a strong impulse on the level at about 0.94560. It reached and broke a daily resistance level at about 0.96550 and pushed up breaking through the level at 0.97700. On the 6th of January the price finally bounced on the main resistance level (this is a strong weekly resistance that rejected the price many times in the past) and it failed many attempts to break the same level. The 20th of January the price got a new rejection on the level at about 0.97700 and it seems has started a new uptrend. 🔴 Conclusion : The price is currently bouncing between two S/R levels and I'm confident to see it reaching one more time its next main resistance zone. It would be a really short term trade, considering that in the daily and weekly time frame, the price is very close to an important S/R zone that rejected the price many times in the past. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
8
AUDCAD on the 0.5 Fib levelAUDCAD after touching the weekly resistance starts a retracement move inside a descending channel. The price turn on the 0.5 Fibonacci level. According to Plancton' s strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
AUDCAD - SWING - 11. JANU. 2021Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Sideways market structure. 4 HOUR Expecting a break towards previous week lows and support zone. DAILY Overall bullish market about to turn.. - FOREX SWING SELL AUDCAD ENTRY LEVEL @ 0.98510 SL @ 0.98950 TP @ 0.97880 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
46