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.
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
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 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
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)!