AUDCAD Price At Support AUDCAD Price at trend line support breakout above will send price higher
Breaking the support will send price lower to next lower support zone.
Audcadlong
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
AUDCAD - How to find the better orderIdea: to search a rule of trade give the profit percent over 60% in the risk/reward 1/1. Next to find the zone for order there is risk/reward ratio more 1/1 (1.1, 1.5, 2...).
-----
Step 1: I found the rule from 1/1/2020 to 26/1/2021 has the profit percentage over 60% (61.4%).
Step 2: I found the second order at Fibonacci 60% (the risk/reward: 1/1.5) to have the best result. First result with only one order has net profit is 103.303 percent, the second order is 303.197% (risk/reward 1/1.5).
*** When the first order actives wait for order Limit at Second entry.
---> How the strategy do at below:
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:
AUDCAD / ShortI believe this is still valid, we are having a small retest of resistance before it falls
AUDCAD - Day trade by Keltner Channels - 25 Jan 2021Entry 1: R/R 1/1
Entry 2 is at fibonacci 60%. R/R 1/1.5
------
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:
AUDCAD TECHNICAL ANALYSIS AND POSSIBLE POSITION OPENINGAUDCAD is still on a bullish weekly trend, so its possible that it might revisit previous high. The pair failed to break completely and form a bearish continuation, so if a new solid support forms a i will open a new Buy position for a 1:2 risk reward. I WILL OPEN POSITION ONLY AT THE RETEST OF 0.89220 KEY LEVEL.
AUDCAD ShortFrom the key levels at 0.982 to 0.984, I believe AUDCAD is about to see a downward move all the way to around 0.975. If it breaks 0.97, we may see more movement to the downside up to 0.968/0.965 else it might reverse at 0.975/0.97
audcad longhello there, Audcad has formed a pattern....lets re-enter at the price i have indicated there.
Good luck!!
AUDCAD - Long with TWO confirmationsGetting ready to buy AUDCAD. Market structure shifted bullish PLUS an inverted Head and Shoulder.
What confirms the idea in my head is the dip below the support level, indicating institutional stop hunting before going long.
All this after being fairly bearish yesterday. Just goes to show how fluid the market is and how flexible we have to be in our approach!
Let me know what you think in the comments below!
📢AUD/CAD Long. Potential intraday setup 👍This pair is looking very bullish. Waiting on a retracement back around the highlighted area to jump in on a lower timeframe. Its on the watchlist 👀👀👍
AUDCAD - buy after Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUDCAD - Day trade by Keltner Channel 08/01/20211. 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:
AUDCAD UP DIRECTIONExpect it to pull to the downside at the area of the trend line .
Look for buys in that zone.
DONT FORGET TO PUT STOP LOSS.
RISK WHAT YOU CAN AFFORD TO LOSE.
update on AUDCAD Long TradeHey traders, this is the update on the AUDCAD trade that I forecast on 5 January. Check the previous analysis down below.
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
AUDCAD Buy IdeaAUDCAD is on a clear uptrend, oppurtunity to buy appear on MACD.
Disclaimer -Disclaimer -Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
