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.
Audcadshort
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
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.
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.
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