Audcadanalysis
AUDCAD W1 DEC 2020AUDCAD
Short Setup
Harmonic pattern with a target of 50.0%-61.8% of the previous structure
AUDCAD UP MOVEMENT AUDCAD
The price is walking on the upside and I believe it will finish its movement and reach the purple line before making a movement to the down side.
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El precio esta caminando hacia la alza y considero que terminara su movimiento y lograra llegar a la linea morada antes de volver a bajar.
AUDCAD Break and RetestBroke and retest of structure and previous low in structure
Have an Sell Limit placed in that zone
Going for a trailing SL with a starting SL of 20 pips and a Open TP
AUDCAD short opportunity We can see a W formation on the weekly chart and we can expect the market to go and test the neckline of W formation.
AUDCAD is very bullish right now. So, we want to see AUDCAD reverse and make a retracement before continuing further.
But, from the daily chart, we can see AUDCAD breaking the 0.95750 resistance level and making a higher high. So, not a good time to take a short. If we are to take a short we have to see the market shift first from bullish to bearish in the daily chart.
AUDCAD SHORT - PRICE IS LOSING MOMENTUM AT DAILY LEVEL!AUDCAD has been moving very correctively on the H4 timeframe and is starting lose its overall bullish momentum and a bearish reversal is on the cards now. We are currently at a daily level of resistance and if we start to see strong bearish price action coming into the market we could see a move lower as price finds support to continue in its bullish trend. If we do see a move to this level we could then see price continue in its uptrend and we could get a longer move back to the highs that we were trading at previously during the middle of September.
Short on Pullback-Ascending TL, retest expected
-0.5 fib retracement
-Strong area of S&R
-MA50 shifting momentum
AUDCAD , A Big Picture....Pair is pretty much bullish
Weekly bulllish Channel broken
and retested as well
Another Bullish Channel broken and Retest
is highly required however 0.962 seems to
be strong rejection but LONG could further
extend towards upward once rejection broken.
Strong Weekly Doji appeared
0.962 holding
0.94 is expected for further LONG.
Ichimoku and MA are against SHORT
so we can have little or no corrections.
AUDCAD looking for supportBased on the recent performance of the CAD, and the weaknesses showed up on the AUD, we see a short term downtrend to touch the support
AUDCAD Long Trade IdeaHey traders, here is the analysis for the AUDCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
AUDCAD - LONG; LongtermHere the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally this relationship remains entirely dependent on China's economic status, at any give time.
AUD/CAD New Analysis And 2 Setups Are Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDCAD shortEntry Sell-Stop , 0.95450
Stop-Loss, 0.95750
Target
R1, 0.95150
R2, 0.94850
R3, 0.94550
SL-30pips
Risk1%
AUDCAD Preparation!!! SHORT
Entry Sell-Stop , 0.95450
Stop-Loss, 0.95750
Target
R1, 0.95150
R2, 0.94850
R3, 0.94550
SL-30pips
Risk1%
AUDCAD: BULLISH Power Fading...Great Short Opportunity!!!From our previous analysis, you can see that we managed to predict the BULLISH movement made by AUDCAD and we were looking for movement till this resistance zone. This will be an update from my previous analysis so if you yet to read it do check it out. Currently, what we saw from AUDCAD is BULLISH movement trying to breakout from this resistance zone but we saw some struggles which now give us a great BEARISH outlook. AUDCAD price level was unable to break this ichi cloud showing BULLISH strength. In fact, we see price starting to move downward from here. I will be looking to make a good SELL trade to the support level @0.9405 where I potentially see a trendline forming if AUDCAD will like to break up higher. I will update further movement at a later date as of now I will short this pair to the support zone.
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