Audcadsetup
AUDCAD sellHi Traders,
This is our view on this cross for the next few days.
#AUDCAD
SELL NOW
SL 0.97740
TP 0.97220
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
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Trading Kitchen
AUDCAD, Breakout Expected...!As salam alaikum
Watch this zone more closely.
0.99 M,W,D rejection zone.
Bearish Channel Formation.
I'm expecting a breakdown till
0.92 atleast if and only if AUD
gets weaker else It could break
above 1.00 zone.
AUDCAD / ShortI believe this is still valid, we are having a small retest of resistance before it falls
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 | Perspective for the new weekIt appears that the rally that began early Dec 2020 has found a reversal point as the appearance of a Double Top structure becomes visible.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern (Double Top) | Breakdown | Supply & Demand
Observation: i. DT: Bearish technical reversal pattern forms after the price reaches peak @ CA$0.99000 two consecutive times with a moderate decline between the two highs.
ii. The Breakdown of Bullish Trendline @ CA$0.98400 emphasizes a change in direction as price action disregard Trendline.
iii. I shall be patience to watch out for weakness in the strength of buyers at the Demand zone (CA$0.98000) which is also the Neckline for signal confirmation.
iv. Please note that a significant breakdown of Demand zone might see the price go into a correction phase where buyers will try to push the price up from this level one more time; when this happens, CA$0.98200/0.98400 shall be a Sell window for me in the coming week(s).
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AudCad can drop 200 pipsDecember was a strong month for Aud also against its Canadian counterpart and AudCad reached a top above 0.98
Now the pair broke under trend line support and confirmed this break. Yesterday we also have a lower high and I expect a correction from this pair once 0.98 support is broken.
Sell rallies can be a good strategy
AUDCAD Short trade ideaHey traders, here is the analysis for the AUDCAD. 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 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 - accumulationAccumulation in a wide range.
there was a bear trap.
Now I see an exit from the range.
There is no hurry. we are waiting for the exit from the range.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
AudCad- drop of 250+ pips to follow?For the past 6 months or so, AudCad traded in a range between 0.97 and 0.93 (more or less). Now the pair just made the first leg down from the top of the range and I expect this drop to continue.
Sell rallies is my strategy and 0.9520-0.9550 should provide a good sell zone.
My outlook is bearish as long as the pair is under 0.9650 on a daily close bases
AUDCAD This is AUDCAD 4H timeframe analysis, i'm expecting the market to go to the downside for an retracement before it'll start the move to the upside.
