AUD/CAD, lovely sell opportunity🧙🏻♂️The pair is still bullish overall, but in my opinion, it will hit that 0.988 area once again before continuing its move to the upside🙌🏻
Audcadshort
Take a short position on AUDCADPrice has reached to it's highest level since April 2018 due to economical policies of Canada government and central bank.
Technically, reducing the price within the channel is definite. I expect to see the price on 0.98 and even 0.97 soon but not for a long time.
AUDCAD - Signal to go long to 0.98865Take a close look at the chart. Price broke out of the trendline once and came back inside the trendline which makes it a failed trendline breakout.
Thereafter, price broke out of the trendline again, pulled back, and gave a signal to go long take profit 1 at 0.98865 and take profit 2 at 0.98981.
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AUDCAD - Price moved as expected. Profit smashed🤑💸💵🤩🥳Here is a confirmation of the idea I published on 16th February 2021. Take profit 1 and 2 smashed.
Take a minute of your time to take a look at the post.
Thank you for your support💓
#162 AUDCAD Short (Sell) Trade SetupAUDCAD has run into resistance on the Monthly, Weekly, Daily and 4hr timeframes. We saw a strong rejection on January's monthly candle close and we're now seeing a retest on the 4hr supply.
We have a potential to take a short from here and aim for lower lows.
AUDCAD - Short TradePrice has reached an area of resistance after breaking out of a rising wedge. We had an impulsive move away from this area and then we correctively consolidated, forming a double top. We then saw momentum to the upside, grabbing orders above the consolidation area, highlighting the manipulation and liquidity grab. We then rejected the 70.5% Fib retracement as the SL orders was just above the 61.8%. Once again retail traders suffer as their SL has been hit after getting the direction correct once again. SL will be above the high and the resistance level. If price was to break above this level then I would consider this trade being invalid, hence why the position was here. TP is at the psychological level of 0.98 which ties in nicely with area of sensitivity and the 61.8% fib extension.
AUDCAD ON A CRUCIAL ZONE#AUDCAD the price is right now on a great spot but I would wait just a little bit more before making an entry, since price has already reach the purple level I lets wait for a confirmation to see if it would continue its way down or if at the end continues the way up.
AUDCAD broke out of range. time to short it!It broke out of range, failing at 0.618 fib level. I'm looking for a downside move from here.
AUDCAD ShortIt's a mountain you're looking to climb briefly and toboggan all the way down. Sell the aussie-dollar.
AUDCAD: SHORT on this TREND CORRECTIONHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/CAD
⚪ Technical Analysis :
Since the 2nd of February 2021, the price has been moving following a clear uptrend after it got an interesting rejection on the level at about 0.97150.
During that strong movement, the price broke through the S/R zone at about 0.97900, reaching a daily zone at about 0.98600, that rejected the price many times since the end of December 2020.
It is currently re-testing the same zone and the next price action will be essential to confirm a new rejection.
🔴 Conclusion :
In a long term I'd definitely see the price going up more, reaching and eventually breaking through the main resistance zone (see the chart), but right now I'm confident to see a clear rejection and a re-test of the support zone at 0.97900.
I'm looking for a good entry point to get a short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDCAD - Two possible movesPrice is currently in the support zone. I expect price to either breakout of the support zone upward or pullback to the demand zone to complete the double top M pattern.
What do you think?
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Trading Involves High Risk⚠️
Not Financial Advice💸
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AUDCAD 1hr SELL SETUP SUPPLY This supply zone (grey level) looks like a high probability trade. It is within a higher time frame supply zone (shaded pink area), which is most likely on the Daily. It is also has a lot of trading activity to the left in the grey area. This is why I marked the zone as grey. But it is worth the risk with half the usual position.
AUDCAD - Buy or a sell?Let's wait and see if price will break the treadline into an uptrend or be a downtrend
Let's wait and see what happens next
What do you think?
Share your opinion in the comment section.😇
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AUDCAD Distribution for short position Supply zone 0.9840-9870 professionals increased short Aussie 2k by last week, Cad increasing long positions, mushroom shape formation for short position.
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
———————————
Trading Kitchen
AUDCAD SELL IDEAI have a strong reason to believe in this trade playing out because there is a ton of liquidity just laying around in that area with a dollar sign and a solid break of structure to the downside.
Enjoy ;)
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: Following the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
AUD/CAD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been showing few signs of weakness, it re-tested many times the support zone at about 0.97800 and few days ago it finally broke it.
Few hours ago a nice downbar closed under the support zone and there is a good possibility to see the price falling down until its next support zone at about 0.96700.
🔴 Conclusion :
Since the 27th of January, the price has been moving inside a descending channel, and I'm confident to see a new re-test of the level 0.97700 before collapsing down.
I'm already holding a short position and I'd be ready to open another position once I'll eventually confirm a pullback on the S/R zone.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
AUDCAD Sell OpportunityThere is a significant support level where we can try to make use of by open the short position. Will wait and see the price action. If the price respect the trendline this will be a good opportunity.
This is just my personal opinion and idea. Please trade at your own risk.
AUDCAD / ShortI believe this is still valid, we are having a small retest of resistance before it falls
AUDCAD - Day trade by Keltner Channels - 22 Jan 20211. How to fill color the Keltner Channel:
...All Upper, Basis, Lower inscreased to fill green.
...All upper, basis, lower descrease 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. Second Entry: actives when the first Entry availabled. Entry price at the 60% Fibonacci retracement.
