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Audcadsell

AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller of the rallies as I feel that the market is trading a blue wave at the moment and therefore and change of view no matter how big or small, will cause a risk off mood and this trade should come into play. I have opened a short at 0.9360, SL 0.940 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
AUDCAD ON A GREAT BUT RISKY ZONEAUDCAD The price its at an important zone right, if you look at the weekly chart you’ll see that the price has respected this zone before at the same time of the year on a few years back and it was also consolidated there back in June 2020, so because of this we can expect anything from this pair but im hoping for the price to continue its movement on the down side and reach the targets. If the price respects the zone and uses it as a floor then we will be looking for buys, until then let’s wait for the retest of the zone as a ceiling before taking an entry. . . . . . El precio esta en una importante en este momento, si nos vamos a ver la gráfica en una temporalidad mayor como la semanal o mensual podemos ver que el precio ha respetado esta zona en el pasado en este mismo tiempo del año de hecho el precio estuvo consolidado en esta zona tambien en Junio 2020, es por esto que podemos esperar cualquier cosa de este par al estar cerca de esta zona, pero yo espero que el precio siga su movimiento a la baja y logre tocar los targets. Si el precio llegase a respetar la zona como un piso entonces ahi estaríamos esperando compras; hasta entonces sigo esperando el precio respete la zona como un techo y siga bajando, pero primero esperemos su retesteo antes de buscar cualquier entrada.
Short
by anaju17
AUDCAD - SHORTAUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9409 and the downward trend line just above that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support yesterday and have since bounced. I remain a seller of the rally's. I have opened a short at 0.9380, SL 0.9420 (on the close) and finally a TP 1: 0.9347 TP2: 0.9303.
Short
by WhosPipsAreTheseAnyway
3
AUDCAD, daily tf, double top pattern to materializeHello my friends, Today i got a nice setup fo AUDCAD pairs. Before i start my analysis i am gonna review some of my trading positions that i shared with everyone here. Yesterday was a great day that so many positions hit take profit and i banked some decent profit. In total it was +18% profit and it consists of: 1st is GBPJPY pairs for +120 pips banking +4% profit 2nd is XAUUSD pairs for +300 pips banking +6% profit This setup take some times to materialize but it was worth the wait. 3rd is CADJPY pairs for +125 pips banking +10% profit This trade stop loss was only 25pips as we get into it at a very good position. I closed my position at 78.50 as it has already gave decent profit I am planning on selling it again once i got some retracement on this pair. 4th is EURAUD pairs which take my stop loss for -70 pips yielding -2% loss This trade take my stop loss before going in favor with my direction. After taking my stop loss, i managed to jump into it once again and now it is going in my favor again. As you can see, there is no way we could get 100% right all the time but if we managed the risk properly we will get positive results. This par made an obvious double top pattern and price already broken below the neckline/support zone. This upwards movement is a retest of broken neckline in my opinion. This is a textbook trade so we don't need to analyze it in a complicated way and just keep it simple. The measured objective of this pattern is 230 pips to the downside and it is not completed yet. So we will sell it again to see if this objective gonna be completed or not. Sell AUDCAD 0.9400 Stop loss at 0.9450 Take profit 0.9200 RR ratio 1 : 4 (4R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
2
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. . . . . . . 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.
Short
by anaju17
AUDCAD exhibits series of bearish signAUDCAD Is gradually declining within a downward channel and we can see the slowing of bullish momentum around 0.96500 and started its downward journey. After some minor fall another rising channel was formed and its collapsed towards 0.94000 and managed to reach around 0.96000. For the past two days its in uptrend as the CAD is relatively weak against AUD AUDCAD managed to reach around 0.93500 level. I am expecting AUDCAD will fall from 0.94000 level and will reach the 0.92000 area which is a key psychological level and lower trend line area Give us a like if you found useful
Short
by forexorbit
AUD/CAD - retesting double top neckline before move lowerAUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way back down. Price closed below the neckline of this double top formation late last week, signalling a lower low. Today price is now retesting the neckline which we see as an excellent opportunity to enter short on this pair. Our price target will sit at the support level of 0.92371. If price closes above the neckline on the daily time frame, this analysis will be invalidated.
Short
by TheForexFellows
AUDCAD reversal potential as it tests lower breakout boundaryThis pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as we make a major trend shift. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Short
by FinancialGamblR
AUDCAD - SWING - 11. AUGU. 2020Welcome to our weekly trade setup ( AUDCAD )! - 1 HOUR Bearish market open and pressure below main sr level. 4 HOUR Prices broke back into our trend following midterm. DAILY Overall bullish market at its lows, good long entries! - FOREX SWING BUY AUDCAD ENTRY LEVEL @ 0.95570 SL @ 0.95130 TP @ 0.96240 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
Long
by DACapitalTrading
22