Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
AUDCAD is in bullish minor trend within 2 key levels. The growth is expected to the key level, where we will look for a reversal pattern.
AUDCAD on the daily chart broke and retest the descending channel and now testing the daily resistance area. on the 4hchart the market after the last impulse retraced until the 0.618 over a daily support at 0.96400. IF the price will break and close above we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣...
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AUDCAD is in downtrend Price rejected from key level at 0.9425 Below HVN at level 0.9541 Below SMA 100 MACD shows bearish momentum RSI is below level 50 It's expected forming bearish Elliot wave (5) to target level 0.9150
AUDCAD on the 4hchart hit and got rejected by the resistance zone at 0.94060. The price starts a consolidation move between the upper structure and the support one. IF the price will break and close below nad consequently break the minor ascending channel, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣...
Thats just my analysys, im waiting for confirmations, but i believe price will continue to the downside with some strenght, ideal is to wait for oscillator confirmation and lower lows in lower time frame.
As we can see on the chart, we have a clear setup for short possition with 1:5 risk to reward ratio.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
AUDCAD is trading in down price channel Price rejected from key level corresponding to 38.2% Fibonacci level at 0.9390 Below SMA 100 Below HVN at level 0.9540 It's expected forming bearish Elliot wave (5) to target lower edge of price channel at level 0.9150
I have entered a short position on AUDCAD. 4H linear regression shows the price at the upper deviation and price history suggests that the price will return to the lower deviaiton. The price is in a nice downtrend.
AUDCAD TRADE USING OUR STRATEGY - BUY HIT SL BUT THE SELL HAS COVERED THAT ALREADY ! OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you...
📌 Surrendering of the AUD bid The following play is an example of how easily a premature surrender of the ladder can lead to a correction. In light of that, for the news flow we have a two course dinner: 1️⃣ A dovish RBA on deck notably showing signs of distress with Australian 10Y Yield and opening the door for more QE. This is going to keep the downward...