Audcadshort
AUDCAD - SWING - 11. JANU. 2021Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Sideways market structure.
4 HOUR
Expecting a break towards previous week lows and support zone.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.98510
SL @ 0.98950
TP @ 0.97880
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AUDCAD - buy after Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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.
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 - 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 - 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!!