AUDCAD SHORTAM GOING SHORT ON AUDCAD OVERALL STEADY DOWNTREND MAKING MY TRENDLINE THIRD TOUCH RULE AND GOOD ENTRY CONFIRMATION GIVEN SO AM GOING SHORT TARGETING THE LAST LOW
Audcadshort
Bearish on AUDCADBearish structure has been forming with lower lows and the lower highs. Also, we see the fib retracement touching the 38.2 level.
AUDCAD Short - Clear rejection of 61.8 Fibonacci level
- Clear bearish MS, with lower highs and lower lows
- Price consistently respecting dynamic support zone
- 1:8RR, 2% risk
AUD/CAD 1D TIMEFRAME SHORT IDEAGood evening Fx Traders, hoping for a profitable week for all of you.
CAD fundamentally is Bullish, Looking to go short on AUD/CAD after the reaction on the monthly resistance.
** You are not obliged in any way to follow this idea/analysis.
This is just my interpretation based on my indicators.
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AUDCAD Moving Towards 78.6 Fibonacci Level!!!AUDCAD has shown great bearish momentum after a huge climb previously. After which, we managed to see a strong BEARISH retracement.
Has the bearish strength come to a stop?
No, personally, I will be eyeing 78.6% fib level where will be a minimal retracement. Definitely, if we managed to see a breakout of that level, BEARISH strength could be heading all the way to 161.8% fib level. Having said that, I am still BEARISH on this pair and has yet to see any form of BULLISH strength taking over as of now.
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AUD/CAD SHORT TP HIT FOR 65 PIPS!Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some bigger profits. We are currently up 65 PIPS for the one position on AUDCAD. We entered this trade on monday on a 1 day timeframe so therefore this is our reason that things have taken a little longer than usual to come into play. We also had a position on EUR/GBP which was a short position.. we manually closed out of this in a very small loss and we have just entered another short on CHF/JPY. We will update you all on further progress of this pair later once we start moving. Hope everyone is having a great week! Lets get it guys!!
possible day trading setup for AUDCADAnticipating this setup for a sell. Price has broken support (now new resistance) and I am looking for rejection at that level.
Possible setup for AUDCADPrice has been trending downward with clear lower highs and lower lows since the end of February 2021.
These are two possible scenarios that I see playing out.
I could buy when price breaks resistance and confirms the buy by retesting that broken resistance (now new support).
I could sell when price breaks support and confirms the sell by retesting that broken support (now new resistance).
Always wait on a retest to confirm the setup before any entry.
AUDCAD Short opportunity - Price respecting dynamic resistance
- Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side
- Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside
- 1:6 risk to reward ratio for this trade, 2% risk as always
AUD/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
AUD/CAD: Daytrade-Preparation
Market-Sell-Order: 0.96840
Stop-Loss: 0.97190
Point of Risk-Reduction: 0.96530
Take-Profit: 0.95910
Stop-Loss: 33 points (300 pips)
Risk: 0,5% -1%
Risk-Reward: 2,80
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUDCAD Short with 3 confluences (Zero Indicators) H & SConfluences:
1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders )
2. Daily chart long term trendline breakout and close.
3. Price is trending lower with the formation of a new low.
Entry:
Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today before looking for an entries. Will be looking to hold trade for about 4 - 5 days or until take profit is reached (Whichever comes first)
Aud/CadLooking to place a sell stop @ .96710
With a Stop loss @ .97525 (83 pips)
& a Take Profit @ .95070 (164 pips)
AUDCAD ProfitsThis analysis was provided yesterday and played out nicely with 78 pips profit . This trade was with 1:3 RRR based on multiple time frame analysis and flag pattern 🙌
AUDCAD ShortAUDCAD formed an ascending structure and then broke out and formed flag pattern , price is expected to break that pattern soon and we will enter the trade with sell stop with a few pips stop loss 🙌
AUDCAD - Small Sell OffAUDCAD Is starting to combat this bearish trend but I don't think its time for it to depart. Price may want to push down into the most recent imprinted low before trying to make an upside move.
What I'd love to see on AUDCAD!Would prefer price to come back to my trendline to look for short opportunities.
AUD/CAD Multi-Timeframe analysis (08/03/2021)Hi Traders
AUD/CAD Multi-Timeframe analysis (08/03/2021)
H1 Chart (Strong Down)
The market is approaching the resistance at 0.97252 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.98225 level.
Support & Resistance
0.97016 0.97252
0.96877 0.98225
0.96641 0.98733
H4 Chart (Bearish)
Target 1 at 0.97224 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.98522 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistance
0.98208 0.98711
0.97874 0.98975
0.97224 0.99371
Daily Chart (Neutral)
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistance
0.97057 0.97130
0.96164 0.98993
0.95483 0.99921
Weekly Chart (Strong Up)
Waiting for a retracement lower towards the 0.96954 support level, in order to reinstate LONG positions. Next important support is the 0.92464 level.
Support & Resistance
0.96954 0.99921
0.92464 1.04093
0.91493 1.11412
📢AUD/CAD Potential short setup.Hey traders 👨💻💰
This pair looks set to head lower. I have an alert set on the support around 0.97145. It's all open area from there. This is on the watchlist 👀👀
AUD CAD BIG SHORT OPPORTUNITYAFTER REJECTING THE TREND LINE FOR 4 TIMES THIS MIGHT BE THE 5TH , SO BETTER TO YOU TO FIND SHORT POSITION ON SMALL FRAMES 4H OR 1H , AFTER REJECTING SUPPORTS , AND IF YOU TAKE A LOOK ON THE DAILY FRAME THE RSI GIVES US A CLEAR DIVERGANCE WICH CONFIRM THAT THIS UPTREND ARE LOSSING HIS BULLISH VOLATILITY !
DON'T FORGET TO FOLLOW ME FOR STUNING ANNALYSIS !
YOUNG & RICH
AUDCAD Rising Wedge Breakout, Midterm Short There is a resistance that has been in place since 2012 so it is very strong. When the price got there is fairly quickly got rejected.
On the Weekly timeframe you can see a nice rising wedge that is now about to be broken (if you look at a shorter timeframe it is broken.)
Also, it is broken on the RSI.
What to look for:
A close under the wedge on the daily timeframe or if you are feeling aggressive you could enter now.
I am newer to forex so let me know what you think in the comments. If you like the idea, please follow.
