AUD/CAD beautiful sell opportunityThe price has broken outside the ranging box and has come back up to re-test the broken zone. We can open a SELL position and aim for the south!
Audcadshort
AUD/CAD - retesting double top neckline before move lowerAUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way back down. Price closed below the neckline of this double top formation late last week, signalling a lower low. Today price is now retesting the neckline which we see as an excellent opportunity to enter short on this pair. Our price target will sit at the support level of 0.92371.
If price closes above the neckline on the daily time frame, this analysis will be invalidated.
AUDCAD reversal potential as it tests lower breakout boundaryThis pair has been in a monster uptrend since late March of this year. Price finally peaked in the beginning of August as we touched the upper level three times without making a significant push higher. Today's open shows price making a pullback to the lower bound level at 0.9445. If price manages to hold below this level, we can target an excellent R-multiple as we make a major trend shift.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
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.
