Audcadshort
AUDCAD ON A CHANNELAUDCAD
The price is going down on a channel and im hoping for tonight that the price respects the level as a ceiling and continues the way down near level 0.945.
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El precio esta bajando por un canal y estoy esperando que el precio respete la zona donde esta en este momento como un techo y vuelva a bajar hasta tocar el nivel 0.945.
AUDCAD - Day trade signal by Keltner 7 Sep 2020* The signal are tested in 3,5 years. Winrate stability over 52% every year.
Risk: 1%.
* Tradingview's backtest time ~ 3.5 years/Premium account, differs between currency pairs (Cryto is the default backtest time is shorter because the market is open both Saturday and Sunday: about 2 years)
- Base on order: 2 ways to enter or combine both.
Method 1
+ Keltner channel: the price closed above or below Upper / Lower Keltner for signal 1. Wait for the price to adjust to the Basis line, then enter the order.
Method 2
+ Keltner channel: price closes above or below Upper 2 / Lower 2 Keltner gives signal 1. Wait for the price to adjust to Upper / Lower line, then enter the order.
Method 3: combine both, priority 1 if satisfied conditions
+ Pivot option: appear rising signal: Higher High / Higher Low. Decline signal: Lower Low / Lower High for signal 2.
- When the above conditions are met, the Indicator shows a Buy / Sell signal according to the trend.
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- Stoploss: Calculated from the entry point + - actual fluctuation by the formula ATR (20) * risk ratio (risk).
- Profit: Calculated from the entry point of the command + - actual oscillation using ATR formula (20) * reward ratio (reward).
- Profit: Look the Summary below.
- Should be backtest 3 Years (long term), each Year (medium term) and Quarter or 6 months (short term). If each year the success rate is always more than 50%, can be used for actual trading
AUDCAD possible reversal at 0.618 price hit 0.618 fibs and holding above looks good here
need more volume and good bounce from this zone for trade
AUD/CAD in Bearish Formation.AUD/CAD is in a Flag formation, coming out from a leg down, which is expected to result into another leg down.
I am in since 0.95642 and I am taking profit sligthly above 300 level.
For the current setup to remain with a good risk reward ratio, I reccomend taking profit slightly above 0.95220.
Good luck with this trade, looks all good to me!
Tibor
AUDCAD SHORT PRICE ACTION FORECAST The price action has been trading within a channel. Recently getting rejected by the resistance level is expected the price to turn into a bearish momentum towards the channel's support level.
The order:
Type: sell-limit
S/L: 30 pips - R:R | 1:3.5 -
T/P: support level
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AUDCAD*ENG*
- Price moving into our supportive trendline.
- Looking for a possible break and an entry short.
- Since price is moving very correctly, we can see a bigger move to the upside.
*PT*
- Preço a mover-se em direção à nossa trendline de suporte.
- Estamos de momento a procurar por uma possível quebra seguida de uma entrada em short.
- Devido ao facto de o preço estar a mover-se bastante corretivamente, poderemos sim ver um movimento maior para cima.
AUDCAD - BEARISH BIASAUD - BEARISH
1️⃣ Australian economy shrank 7.0% on quarter in the Q2 2020 after a 0.3% fall in Q1, posting the largest quarterly contraction since the record began in 1959 and entering the first recession in 30 years.
2️⃣ Investors also moved into the US Dollar on hopes for a rebound in economic activity following better-than-expected U.S. manufacturing activity data.
CAD - BULLISH
1️⃣ CAD boosted by upbeat PMI data, higher oil prices and a weaker dollar. The latest PMI data showed Canada’s factory activity grew for the second straight month and at the sharpest pace in two years as market conditions strengthened following coronavirus lockdowns and rising hopes of a post-pandemic economic recovery.
2️⃣ Oil prices was supported by a bigger-than-expected draw in US crude stockpiles.
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TECHNICAL
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- We're looking to short AUDCAD on pivot point level + SBR level on H1 chart.
- AUDCAD in bearish zone.
audcad Sell ideaDisclaimer - Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
AUDCAD Resistance Short Rejection of the resistance, we can always see an rentracement but i think it's a good trade.
We have a beautiful RR
If you want to trade this analisys, this is my entry
Entry: 0.96288
Sl: 0.96549 ( 26 pips )
Tp: 0.94347 ( 194 pips )
RR: 7.44
Use a good risk management.
AUDCAD at an important levelAUDCAD
The price is at an important level right now, I expect the price to continue the down trend and reach the zone near the level at 0.954
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El precio esta en un nivel importante en este momento, espero que el precio continue con su tendencia bajista y logre llegar a la zona cerca del nivel 0.954
AUD/CAD Potential Short for next week.I am seeing a good potential short play for AUD/CAD for next week. I am waiting price to retest the resistance level and will anticipate to see few 4 hours of rejection candle or the decrease of the bulls momentum to enter a short trade.
AUDCAD will rather decline - reversal on the weekly chartAUDCAD will rather decline, as there are signs of a downward reversal on the weekly chart.
AUDCAD ready to break down! HARD SELL here (0.9545-0.9560)...This is the continuation Down of the Daily H & S, from the Neck Line to it's target. Should be a fast, down leg.
Hourly Bearish Bat confirms/provides entry points!
SELL FROM HERE w. a tight, 15 pip stop. Bet the farm but don't fight it (you shouldn't have to)!
Look for Short entry on AUDCADWait for an rejection or wick in this area then wait for that rejection to close, then take the short position.
AUDCAD short for 220 pipsHello traders,
As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate.
I have therefore marked the entry position, sl and tp as well.
Let me know your toughts.
Trade safe and good luck.
AUDCAD - Horizontal LevelWe are coming up to test a key horizontal level that is going to collide with the descending trend line. This is a crucial level to monitor because we will either see a serious rejection from here with continuations to the downside or a breakout to the upside.
According to COT Data Source - 78% short
AUDCAD 0.94300 - 0.55 % SHORT IDEA * CONTINUATION IDEAGood Day Everyone
A look at the AUDCAD pair looking for a continuation with the bears on the down trend so basically looking for trend continuation with the bears should we see a break of support level 0.94324 the move will trigger the trade with the bears.
let's see how it goes
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 0.93859
TP 2 - 0.93461
SL - 0.94928
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
AUDCAD: Just wait for itI still believe the price will go down, right now is just testing the trend line as shown on the chart, as it has been doing it.
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Todavia creo que el precio va a bajar, en este momento esta retesteando la linea de tendencia a como lo ha hecho en el pasado asi como se muestra en el gráfico.
AUDCAD moving perfectly The price came down as I said on the forecast of August 18, since the price has come all this way down, I believe it might follow the same patter it did back on May 2019 and the next target will be the trend line for at least 80PIPS and in a bit of a long term the next target will be the purple zone.
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El precio hizo lo que había enviado en la idea del pasado 18 de Agosto, ya nos toco la primera zona y al haber llegado hasta este nivel me hace pensar que siga el mismo patron que el precio hizo en Marzo del 2019, dándonos como siguiente meta la próxima linea de tendencia y a un poco mas largo plazo la zona marcada.
AUDCAD facing bearish pressure | 24 August 2020Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
