Audcadsetup
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
📢 AUD/CAD Long Opportunity ahead 👍This pair is looking good for a long. Broken a major trend along with major structure. Waiting on a retest or price action for an entry now. It's on the watchlist 👀👀 This pair is on the watch list 👀👀👀 If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
AUD/CAD Daytrade-execution!! SHORTAUD/CAD Daytrade-execution!! SHORT
27/OCT
Market-Sell : 0.93930
Stop-loss : Close Break 0.94240
Target : 0.92100
note :
Our chart is simple as possible to make it easier for you to see the chart.
- This is an execution signal. you can enter the market now
Good luck 👍
AUDCADLooking at the above chart, its first supply zone is the only green candle in the downward move AUDCAD made from 0.9502 to 0.9253 and Price is. back to the strong level, and it is currently testing it. if the price gets rejected at this level, I would advise shorting to the recent low.
Also, using the wave count, it shows AC is about to start a wave 5 movement downwards. The black trendline shows there is a divergence between price and MACD, which marks the high of wave 2 and wave 4.
Please feel free to leave a comment and like if you agree
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)
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
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle.
According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend!
The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5.
Entry Ideas!
The green lines are the confirmation level for the bulls.
The red line is the invalidation zone.
What's your view on AUDCAD? Let me know in the comment.
Forex Trading, AudCad ResultForex Trade
Result Audcad
4 October 2020
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The pair went further down hit my sl before making its way up..
Made an early entry and paid the price.
Lesson never make and early entry .
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Note : Forex trading is very RISKY, you will lose all your money if not careful with your risk
management. USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades.
AUDCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Market reached resistance level that had pushed price way down last time, as expected price is now moving down. We can see W formation and expect drop to test the neck.
W > Price made 3 attempts to break monthly resistance and after failing moved down to create a LL. Price had a pull up to test supply zone and we can see rejection wick on weekly candle.
D > We saw an M formation and after creating LL price moved up to complete the formation, we now expect continuation of bearish trend. We have two targets, 1st is weekly demand zone and 2nd target is till neck of W formation.
As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week.
4H > Price make a pull back to test support level now turned resistance to capture liquidity and should continue with bearish move.
Pair Correlation > AUDCAD has positive correlation with AUDUSD and NZDCAD and negative correlation with GBPAUD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
AUDCAD DOWNAUDCAD
The price broke the level we had yesterday and I believe the price will go down and reach the purple dotted trend line. That line is a respected line on a daily and weekly time frame, therefore I believe It will go down and touch it. So let the price make the retest before taking any entries on the down side.
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El precio rompio el nivel marcado que teníamos ayer y creo que el precio bajara aun mas hasta llegar a la linea punteada. Pienso eso porque es una linea que ha sido respetada en el pasado en la temporalidad diaria y semanal y considero que volverá a tocarla. Asi que esperemos que el precio haga primero un retesteo a la baja en la linea roja antes de tomar una entrada en venta.
AUDCAD WAIT FOR A RETESTAUDCAD
The price seems to be consolidate right now and im hoping for the price to break my flag either on the upside or the downside. Let’s wait for a retest before any entry. So if the price breaks the flag and makes a retest on purple level then make an entry for a long position, otherwise wait for retest on the down level before making a sell.
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El precio parece estar consolidado en este momento y espero que el precio rompa la bandera dibujada ya sea a la alta o a la baja. Entonces esperemos que el precio rompa las lineas de tendencia y la zona morada y la retestee como piso para entrar en una compra y de no ser asi, espera a que el precio rompa la zona de abajo y la use como techo para entrar en una venta. Esperen una confirmación antes de hacer alguna entrada.