AUD/CAD ShortPrice has broken down and start to consolidate lower. All EMAs are pointing lower. Tension in the Risk markets will allow for eventual follow through.
Aud-cad
I expect AUDCAD to fall.AC made a breakout of the support line twice, this time I think the price will fall to the support line 2.
AUD_CAD STRUCTURE LONG|TRADING PLAN
BIG picture
AUD_CAD IS TRYING TO BREAK THE RESISTANCE BEING IN A TRIANGLE AT THE CHANNELS END|
(1) Either wiggle in the triangle OR straight upwards.
(2) After breakout>>> LONG after pullback.
(3) Targets on the chart.
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AUDCAD: Potential Trend Continuation
Hey guys,
Important CAD news today. We gonna see a lot of fundamental statistics in 40 minutes.
It may drive AUDCAD to new structure highs.
currently, the price is consolidating within an ascending triangle formation.
daily candle close above its resistance will be a good signal for us to buy on a pullback.
target levels:
0.975
0.98
in case of positive news, the price may retrace and retest the support of the channel one more time.
be prepared for both scenarios and act accordingly.
AUDCAD SHORT IDEAAfter an uptrend that has lasted for about a month, the price is losing the buying power
The price is now retreating from a major resistance area
The volume indicator is showing significant weakness in buying
I expect to sell for short periods
AUDCAD testing a weekly resistance 🦐AUDCAD on the weekly chart hit a weekly resistance and price started a retracement move.
On the Daily chart price moved inside an uptrending channel and recently broke a bull flag for a new test of the upper structure.
Price is now ranging between the 2 structure and price bounce over the 0.618 of the previous minor leg.
IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
AUDCAD Price is testing R2 forming possible double top. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDCAD DOWNAUDCAD
The price has respected the channel once more and I believe it will reach the dotted line to come back down again and reach the purple zone. Wait for the retest before taking your entry.
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El precio respeto el canal una vez mas y creo que el precio llegara hasta la linea punteada roja para volver a bajar y llegar hasta la zona morada. Esperen hasta que el precio retestee la zona para tomar una entrada a la baja.
AUDCAD - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Very bullish pressure above main sr level.
4 HOUR
Overall bullish waving market structure, good long entries!
DAILY
Expecting prices to move towards previous week highs.
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FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.95490
SL @ 0.94950
TP @ 0.96330
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
AUDCAD - Sell position moving nicely.....AUDCAD Sell moving nicely - had a small pull back and now looking like it can continue down - if entering now, keep your SL to just above the last high.
The entry price, SL and multiple TPs are shown on the chart from the initial entry.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
AUD/CAD AUD/CAD has retreated from its resistance level at 0.9636 and has retracted down to support level 1. Following this move, I anticipate one of the below scenarios to follow:
1. Price rejects at support level 1 and price reverts back up to the 0.9636 resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
2. Price breaks below support level 1 and reaches support level 2 in which price may reject at support level 2 and revert upward toward support 1 which may act as a new resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
AUD/CAD Daily Forecast (31th August)After a little summer hiatus, I came back with weekly analyzes. One of the best options are on the AUDCAD pair. Almost every timeframe is overbought by the RSI, and the price is dancing around a strong resistance level. A correction is expected, which provides us with excellent Risk-Reward trade.
If the 0.9636 level broke, open a short trade.
AUD/CAD in Bearish Formation.AUD/CAD is in a Flag formation, coming out from a leg down, which is expected to result into another leg down.
I am in since 0.95642 and I am taking profit sligthly above 300 level.
For the current setup to remain with a good risk reward ratio, I reccomend taking profit slightly above 0.95220.
Good luck with this trade, looks all good to me!
Tibor
AUDCAD tested a weekly resistance 🦐AUDCAD on the weekly chart hit a weekly resistance and price started retracement.
On the Daily chart price moved inside an uptrending channel and now ranging between 2 structure and price almost hit the 0.618 of the previous minor leg.
IF the price will break and close above the 0.96700 area we will set a nice long order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
AUDCAD - Where could it go after breaking down?PAIR: AUDCAD
BIAS: BEARISH
HORIZON: MEDIUM-TERM
Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line.
We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well.
With multiple confluences, this could turn out the be a great trade setup. Watch for bearish price action in the structure zone before any entries.
Let's see how this goes, Cheers!
AUDCAD Sell SignalPattern: Bearish Megaphone on 1W.
Signal: Sell as the price got rejected after breaking the 1W MA200 and the MACD is in a position to make a bearish cross.
Target: 0.9091.
Previous AUDCAD signal:
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AUDCAD approaching resistance, potential drop!AUDCAD reversed below its resistance at 0.95159 where it could potentially drop further to 0.94258.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCAD facing bearish pressure | 24 August 2020Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
