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TECHNICAL ANALYSIS:
Since the beginning of December the price has been moving in a strong ascending channel and today, 11th of January, the price broke the channel for the...
Hi!
I see here a nice opportunity to short AUDCAD - at least for the next few hours.
The idea is based on a simple but very effective price action and market structure approach.
Let me know in the comments what you think 🤔
Hey 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.
Welcome to our weekly trade setup ( AUDCAD )!
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1 HOUR
Sideways market structure.
4 HOUR
Expecting a break towards previous week lows and support zone.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL AUDCAD
ENTRY LEVEL @ 0.98510
SL @ 0.98950
TP @ 0.97880
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different...
Preconditions:
- key level;
- accumulation;
- wait for grown;
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally...
Expect it to pull to the downside at the area of the trend line .
Look for buys in that zone.
DONT FORGET TO PUT STOP LOSS.
RISK WHAT YOU CAN AFFORD TO LOSE.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
The AUDCAD is actually giving us few sings of weakness! Before to continue reading the description and more details, have a quick look on this updated daily chart to understand...
After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from...
1. How to fill color the Keltner Channel:
...All Upper, Basis, Lower inscreased to fill green.
...All upper, basis, lower descrease to fill red.
...One of the Upper, Basis, Lower is not the same direction fill gray color.
2. How to calculate a Trend:
...If the Total of 25 candles > 0 to give Uptrend.
...If the Total of 25 candles < 0 to give Downtrend.
3. How...
![AUDCAD: AUDCAD Future move [Prediction]](https://s3.tradingview.com/z/zeTdAQv7_mid.png "AUDCAD Future move [Prediction]")
