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Audcadshort

AUDCAD short opportunity We can see a W formation on the weekly chart and we can expect the market to go and test the neckline of W formation. AUDCAD is very bullish right now. So, we want to see AUDCAD reverse and make a retracement before continuing further. But, from the daily chart, we can see AUDCAD breaking the 0.95750 resistance level and making a higher high. So, not a good time to take a short. If we are to take a short we have to see the market shift first from bullish to bearish in the daily chart.
Short
by rafi_trader21
AUDCAD SHORT - PRICE IS LOSING MOMENTUM AT DAILY LEVEL!AUDCAD has been moving very correctively on the H4 timeframe and is starting lose its overall bullish momentum and a bearish reversal is on the cards now. We are currently at a daily level of resistance and if we start to see strong bearish price action coming into the market we could see a move lower as price finds support to continue in its bullish trend. If we do see a move to this level we could then see price continue in its uptrend and we could get a longer move back to the highs that we were trading at previously during the middle of September.
Short
by mikoaodu
AUDCAD Short after Hitting ResistanceAUDCAD just hit a resistance line where we can take a short-term sell opportunity. Although the 4H chart created a double bottom pattern, we could catch a pullback which is a bullish pattern, we could catch a pullback. I don't normally use and trust indicator much but MACD is a well-performed indicator and has shown a short entry in the 1H timeframe. Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below. Entry: 0.95646 SL: 0.95947 TP: 0.9515
Short
by AresFx
AUDCAD - Day trade by Keltner Channel 20/11/20201. How to fill color the Keltner Channel: ...All Upper, Basis, Lower increased to fill green. ...All upper, basis, lower decrease 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:
Short
by dinhchien