Get started

Audcadanalysis

AUDCAD Short OpportunityHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for AUDCAD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area . What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx
1
AUDCAD - A pitstop before further fall? In our previous idea we predicted a drop after bouncing off the upper channel line, which we've seen the beginnings of. AUDCAD still appears bearish, but we are entering a Demand Zone that could create a bounce or choppiness, which might give those who didn't get short the chance to do so at a better price, if they also believe that price is likely to head toward the bottom of the channel, in line with the overall bearish trend on the higher timeframes. Those already short may choose to take some profit off the table to reduce risk, with a plan to re-enter at a better price.
Short
by HayeTrading
22
AUD/CAD---CONTINUE THE DOWNTRENDThe Australian dollar initially tried to rally against Canadian dollar this past week, but as you can see, we continue to see a lot of selling pressure near the 0.93 handle. We have been grinding lower for a while and it now looks like we are getting ready to rollover to continue the overall downtrend. This does make a certain amount of sense, considering just how strong crude oil suddenly is. At this point, I anticipate that this market will revisit the 0.90 level.
Short
by SmoothJB
2
AUDCAD rejected at resistance and headed lower. Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance since December 23rd and has failed, most recently with a tweezer top. Overall this looks like a great opportunity for a high R short with a stoploss above the trendline/tweezer high. This is not financial advice, you are responsible for your own trading decisions. *** LEAVE A LIKE AND FOLLOW IF YOU ENJOYED THE IDEA *** I will respond to any and all comments below
Short
by HayeTrading
AUD/CAD SHORT SELL NOW.... 💹AUD/CAD ⏬ SELL/SELL LIMIT @ 0.91343 ✅TP-1# 0.91000 ✅TP-2# 0.90800 ⛔️SL 0.91612 (BOTH ENTRY SL SAME) AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
Short
by AronnoFx
4
AUD/CAD: More bearish Continuation!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the AUD/CAD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my bearish perspective, let’s have a quick look on the monthly timeframe: Overall the market is moving to the downside, a strong bearish impulse got a breath, closing the last month with a big red candle, sign of a good bearish pressure. Switching to the weekly timeframe: As you can see on the chart, the price quickly retraced back after the bearish impulse, and it is currently retesting a previous support turned now in a resistance level, that coincides with the 0.38% of Fibonacci retracement. I would expect some consolidation before a possibility to see a trend continuation. On the daily timeframe: The market consolidated for few months between the two key levels, breaking the support level at the beginning of December. Back to the 4 hours timeframe: The price reached the dynamic trendline and the resistance level, losing momentum close to this area (see the last few candles with a smaller body) Before planning my short position on this trade I will be waiting for bearish price action and a strong red momentum candle with a RRR 1:2 or greater. Potentially my SL would be above the resistance level and the take profit around the next support level, manually moving my SL on every swing high. A breakout to the upside would invalidate my trade and no action will be taken on this market. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
17