AUDCAD H4 SHORT PRICE ACTION FORECAST -UPDATE-Adding a new short entry to scale up the position, if the price can continue its downward movement, a sell stop entry will trigger the new order.
Already scale-out part of the profit from original entry and stop loss level adjusted accordingly.
The order:
Type: sell-stop
S/L: 35 pips - R:R | 1:4 -
T/P: demand zone
Audcadshort
AUDCAD back for short 🦐The Price broke an ascending daily channel, the price smashed on weekly resistance at the top creating an head and shoulder pattern (red one).
We can suppose that there will be a retracement on daily resistance (blue one) or more deeply to the weekly one(red one).
We will place a short order according with Plancton's strategy when the price will give us the correct signal.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
AUDCAD H4 SHORT PRICE ACTION FORECAST Price has recently broken the neckline from the H&S, confirming the seller pressure over the AUD. It allows the setup of a short entry after the expected pullback to retest the neckline.
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:6 -
T/P: demand zone
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
AUDCAD SELL at @ 0.94800 SL 0.95200 TP 0.94200If you see the AUDCAD chart H4 time frame, we can see a new Head & Shoulder pattern, which is sharply braining out of the neckline. We are going short on this pair from the price 0.94800 with a stop loss at 0.95200, and our target level will be at 0.94200.
AUDCAD Short A head and shoulder pattern has been formed, usually we wait for a small re-test than enter the trade.
I would like to know whether these analysis are useful/educational to you, if they are please hit like and share, that will confirm i should keep them coming. More great set ups coming...,
Thank You.
AUDCAD - SWING - 11. AUGU. 2020Welcome to our weekly trade setup ( AUDCAD )!
-
1 HOUR
Bearish market open and pressure below main sr level.
4 HOUR
Prices broke back into our trend following midterm.
DAILY
Overall bullish market at its lows, good long entries!
-
FOREX SWING
BUY AUDCAD
ENTRY LEVEL @ 0.95570
SL @ 0.95130
TP @ 0.96240
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Possible Head & Shoulder Pattern For AUDCAD!! BEARISH outlook...We can currently see a nice possible head and shoulder pattern forming in this daily time chart. I will be looking out for a nice rejection off resistance level @0.9615 (forming the right shoulder) before we see a bearish movement starting to form. We should be looking out for a nice rejection at that level. Price could potentially move to 23.6 fib level where it will meet the broken trend resistance which will be an area of support for us to look out for.
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!!!