Audcadshort
audcad - great tradehey guys,
this analysis was posted 19th september, since then we have enjoyed the bearish movement and profited! (currently 200+ pips in profit)
RRR: 1:13
AUDCAD SHORTPair name - AUDCAD
Action - SELL/SHORT
ENTRY - 0.9429
TP - 0.9310
SL - 0.9510
TRADE STATUS - OPEN
AUDCAD DOWNAUDCAD
The price broke the level we had yesterday and I believe the price will go down and reach the purple dotted trend line. That line is a respected line on a daily and weekly time frame, therefore I believe It will go down and touch it. So let the price make the retest before taking any entries on the down side.
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El precio rompio el nivel marcado que teníamos ayer y creo que el precio bajara aun mas hasta llegar a la linea punteada. Pienso eso porque es una linea que ha sido respetada en el pasado en la temporalidad diaria y semanal y considero que volverá a tocarla. Asi que esperemos que el precio haga primero un retesteo a la baja en la linea roja antes de tomar una entrada en venta.
Short opportunity on AUDCADIn 1H Time frame AUDCAD is trending within a range and currently is facing top of the range
With multiple touch of 70 level of RSI and resisting at this level, As well as losing momentum, Price is consolidating within a 5M range and expected to broke the uptrend line
I belive it's a good opportunity to go short after breaking the trand line
GOOD LUCK TRADERS
AUDCAD path and direction 0.618 Fibonacci level from 2012 Feb to today high
Reversal showing upon hitting the downtrend from 2018
Stop Monthly close top of the trend line
AUDCAD / SHORTPrice has broken out of its daily trendline and is now going to retest
Waiting for a true pullback before shorting this pair
AUD/CAD Technical Analysis
The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
According to the wave, it has now completed the ABC correction for the down move it made.
Further, the entire setup looks like a head and shoulder in the higher timeframes.
Hence, we expect the pair to move down from here.
audcadthis might be a resistant for audcad let's hope if it rejects the trend line or keep moving up.
AUDCAD DOWNAUDCAD
The price has respected the channel once more and I believe it will reach the dotted line to come back down again and reach the purple zone. Wait for the retest before taking your entry.
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El precio respeto el canal una vez mas y creo que el precio llegara hasta la linea punteada roja para volver a bajar y llegar hasta la zona morada. Esperen hasta que el precio retestee la zona para tomar una entrada a la baja.
Short Position on AUDCAD 4HHello Traders!
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🚀Sell Execution according to the market.
AUD/CAD 13.09.2020Open Position: Sell 0.96160 (valid until 17.09.20)
Take Profit: 0.95695
Stop Loss: 0.96602
AUDCAD - Let's GoLots of confidence behind this trade lets see if it manages to get that lift off power.
