Audcadshort
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
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 short AUDCAD technically has two tops. This confirms that the technical pattern of changing the propensity to "M" is created. However, CAD is very strong. The most important condition here is that you can only reach this transaction after breaking the support zone. Stay tuned
Audcad ready to pullback Possible Retest the levelwe expecting now time to pullback in the small time frame.
AUDCAD (H4): SHORT Idea on this CHANNEL'S BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the beginning of December the price has been moving in a strong ascending channel and today, 11th of January, the price broke the channel for the first time.
I also have to say that the AUDCAD is actually in an interesting area, in fact the price reached the main weekly resistance area, that rejected it many times in the past.
We can't confirm right now the beginning of a new trend because the price is actually moving around a daily support zone, but the price action around this area will be really interesting to give us a short opportunity.
CONCLUSION:
I believe the price is going to start an upcoming downtrend, we've already got few signs of that and a pullback on the support level or on the dynamic trendline's support will confirm it and I'll update my personal datails of this trade!
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
AUDCAD - Short OpportunityHi!
I see here a nice opportunity to short AUDCAD - at least for the next few hours.
The idea is based on a simple but very effective price action and market structure approach.
Let me know in the comments what you think 🤔
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 - SWING - 11. JANU. 2021Welcome to our weekly trade setup ( AUDCAD )!
-
1 HOUR
Sideways market structure.
4 HOUR
Expecting a break towards previous week lows and support zone.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.98510
SL @ 0.98950
TP @ 0.97880
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCAD / SHORTPrice has broken the trendline and is retesting the area
We will take a short to the next support level
AUD/CAD going SHORT at 0.98492AUD/CAD currently waiting for price to break through the trend line , and price will be going short .
