📢AUD/CAD Possible Short Intraday trade opportunity 😎AUD/CAD is looking bearish on the 1H. A possible opportunity to enter short for s decent R/R
Audcadshort
AUDCAD UP DIRECTIONExpect it to pull to the downside at the area of the trend line .
Look for buys in that zone.
DONT FORGET TO PUT STOP LOSS.
RISK WHAT YOU CAN AFFORD TO LOSE.
AUDCAD (H4): BE READY to Entry Short on This PULLBACK!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
The AUDCAD is actually giving us few sings of weakness! Before to continue reading the description and more details, have a quick look on this updated daily chart to understand the reasons I think the market could give us a nice short opportunity:
Let's focus on the area that interests us:
Since the end of October 2020, the price has been following a strong uptrend, in the H4 time frame we can properly see how the price is moving inside an ascending channel, bouncing many times on the channel's trendline support, that actually is perfectly working.
The price reached an important resistance area, failing twice the attempt to break it, giving us a really nice sign of weakness to continue the uptrend.
I have to say that this resistance level has already rejected the price many times in the past and it could be the perfect moment for a new market inversion.
ONLY IF THE PRICE will BREAK the support level, you could think to entry short on the pullback, because it would be a confirmation of the trend's inversion!
Here below the details of this trade:
ENTRY POINT: 0.97625
TAKE PROFIT: 0.96647
STOP LOSS: 0.98173
RISK/REWARD RATIO: 1.78
AUDCAD Facing Great BEARISH Pressure!!!After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from the resistance level @0.9785. As of now, I will be BEARISH for this pair as I do not see any form of BULLISH continuation for now.
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AUDCAD - Day trade by Keltner 4/1/20211. 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. How to calculate the Stoploss and Take profit:
{UPDATE} AUDCAD BEARISH Pressure Building...Previously, AUDCAD did not go our way after a BULLISH close to our confirmation candle. As mentioned in my previous analysis, we were expecting a BEARISH movement to take place after the 361.8% level being reached. It went higher than expected testing the resistance level 0.9785 price level. Overall, I am expecting a BEARISH movement to take place soon.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
AUDCAD- SELL- 22. DEC. 20201 HOUR CHART
FOREX AUDCAD
SELL AUDCAD
ENTRY LEVEL @ 0.97215
STOP LOSS @ 0.97349
TAKE PROFIT @ 0.96980
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AUDCAD - Day trade by Keltner Channel 22/12/20201. 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. How to calculate the Stoploss and Take profit:
AUDCAD Falling From Here...We managed to see a 361.8% fib movement with a clean rejection and price is currently on a BEARISH momentum. I will be expecting a movement towards 1.618 fib level where there is also a support level @0.9606. I have identified this area as my demand zone. Looking at the daily candle, my confirmation candle has already triggered giving us a good short opportunity!!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
AUDCAD - Bearish BiasAUD - BEARISH
1️⃣ Sentiment for the Aussie cooled as iron ore futures fell more than 4% on Monday, declining from record highs after China’s steel producers pushed for a regulatory probe into recent skyrocketing prices.
2️⃣ Tensions between Australia and China also impacted investor sentiment, as Global Times noted that Beijing’s top economic planner has excluded Australia from a plan to allow coal imports from several countries without clearance restrictions.
CAD - BULLISH
1️⃣ Boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its COVID-19 vaccination campaign.
2️⃣ The Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery.
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Technical
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We are looking to sell the AUDCAD on the SBR + below SMA 50 on the H1 chart.
AUDCAD SHORT- Bullish pressure exhausting
- Break of structure causing new lower low
- Price inside 4hour OB, with entry inside 1min OB
AUDCAD DOWN CONSOLIDATION #AUDCAD
I believe the price will continue its way down and reach the purple line for us to be able to win at least 27PIPS.
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considero que el precio va a continuar su camino a la baja dándonos la oportunidad de hacer una pequeña venta buscando sacar unos de unos 27PIPS.
AUDCAD: Sell Opportunity!Hello Friends, Welcome to the technical analysis of AUDCAD. After the good impulse to the downside, the price got rejected from the previous support line; which is now acting as a resistance. I think AUDCAD is gonna continue dropping at least to 0.95970, based on my technical analysis.
Thank you for your support. Please follow & like if you find this idea useful.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDCAD - Is It Ready?AUD has been unstoppable this week, which has made it impossible to sell this pair. We have wiped out the prior high again but we remain above significant structure so we cannot sell until the price clears that level marked. Personally, I am more inclined to sells but I will go with the flow and not get caught with a bias. I assume the majority of sentiment is selling this pair and that's why we are seeing such a significant stop loss hunt.
AUDCAD - 4H is finally making a move for a possible LL.4H - its been a week that ACAD is looking to form LH and we are at major zone where it could reject the heavy volume of buyer. Our first sign of sellers is on 15m.
15m-Double top + Breakout of the trendline + Break of structure making a LL. Right now waiting for the LL to LH move and take a short.
Follow us for more ideas and setups.
Sam
