AUDCAD , A Big Picture....Pair is pretty much bullish
Weekly bulllish Channel broken
and retested as well
Another Bullish Channel broken and Retest
is highly required however 0.962 seems to
be strong rejection but LONG could further
extend towards upward once rejection broken.
Strong Weekly Doji appeared
0.962 holding
0.94 is expected for further LONG.
Ichimoku and MA are against SHORT
so we can have little or no corrections.
Audcadlong
AUDCAD - Day trade signal by Keltner 16/11/20201. How to fill color the Keltner Channel:
...All Upper, Basis, Lower increased to fill green.
...All upper, basis, lower decrease 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 It will go to the rising trend line +180 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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It may head to the downside to retest the rising trend line, in case the trend is not broken, it will head to the upside and greater resistance will form than the previous one.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
AUDCAD 2 IN 1 AUDCAD
On a bigger picture the price is walking a channel on a downside but right now its making a retracement to reach out the bigger dotted line to then come down again and reach our target near level 0.9324.
So we might have a 2 in 1 on this chart, we can take a long from this point to our purple line and then take the sell.
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Desde una perspectiva mayor el precio esta caminando en un canal hacia la baja y ahora esta haciendo un retroceso para tocar la linea mayor del canal para después de esto volver a bajar y tocar nuestro target cerca del nivel 0.9324.
Asi que podríamos decir que tenemos un 2 en 1 en este análisis ya que podemos tomar una compra hasta nuestra zona morada y luego después de ahi nuestra venta.
AUD/CAD New Analysis And 2 Setups Are Available AUD/CAD New Analysis And 2 Setups Are Available
1- A Buy Trade To Our Sell Zone
2- A Sell Trade To 0.92000
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD ideia-The ideia here is to wait for a pullback into the 50% fib area in the 1h candle (around 0.93070). At that point, we can enter in a long position with at takeprofit at 0.9415 and SL 0.92795.
-Since it will probabliy take a few hours, we can leave a buy limit around 0.93070
- For the more conservative people, you can wait for a confirmation candle.
(Analysing the 1d, 4h and 1h candle)
Great Rejection From AUDCAD...Short Term BULLISH!!!As we can see from our chart, the support level (green level) still remains a rather strong level for AUDCAD as we see a nice daily candle rejecting off this zone. As of now, I see AUDCAD retest a level that is previously broken @0.9405 price level also near to 50.0 fib level. For now, a retracement is very valid but do keep a lookout at 38.2 fib level in case of a BEARISH continuation. Therefore, a short term BULLISH trade opportunity is a great opportunity for now.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
AUDCAD Buy now running.... AUDCAD - Buy running.
The entry price, SL and multiple TPs are shown on the chart.
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.
AUDCAD long trade idea Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX