Audcadshort
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 Starting To Show BEARISH PressureAn update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we see price retesting 461.8% fib level. I am expecting tomorrow's candle to be a BEARISH candle where we can then expect BEARISH retracement to occur for this pair. Keep an eye on it.
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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?
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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.
AUDCAD - TO SELLWatch out!!!🔥🔥
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Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
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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 ShortFrom the key levels at 0.982 to 0.984, I believe AUDCAD is about to see a downward move all the way to around 0.975. If it breaks 0.97, we may see more movement to the downside up to 0.968/0.965 else it might reverse at 0.975/0.97
AUDCAD: Don't miss this SHORT OPPORTUNITY!Hi 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 :
In the weekly time frame, since March 2020, the price has been following a strong uptrend, bouncing for the first time on its dynamic trendline during the month of October 2020.
It has currently reached an interesting resistance zone and there is a possibility of a trend correction until the main trendline.
In the daily time frame, at the beginning of October, the price got a strong positive impulse, getting a clear rejection on the resistance level at about 0.99000.
It's currently moving with a bearish movement, as a possible correction of the previous uptrend.
In the h4 time frame, after few attempts to break the main resistance area, the price collapsed down creating a falling wedge pattern.
🔴 Conclusion :
The price is clearly moving inside the falling wedge pattern and I'm confident to see it breaking through its dynamic support level until the next support area at about 0.97212. That's absolutely an interesting zone because is close to the main weekly trendline and in a short future we could see a new market reversal.
I've currently got a short position on this trade and I'll be waiting the breakout of the pattern to plan my second short 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 DOWNThe price has already started his way down and we might have a second chance to go in but first lets allow the price to reach our level and then make the entry.
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 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
